18 Mar 2026
The single most common rejection reason. A score below 650 makes most mainstream lenders decline the application outright. Solution: work on improving your score for 3-6 months before reapplying, or approach NBFC partners who consider lower scores.
If your existing EMIs already consume 50%+ of your monthly income, lenders worry about your capacity to service a new loan. Solution: pay down existing debt first, or apply for a smaller amount.
Frequent job changes or a business with less than 2 years of vintage raise stability concerns. Solution: wait until you cross key tenure milestones, or add a stable co-applicant.
Mismatched addresses, expired ID proof, or income documents that don't match bank statement credits are common red flags. Solution: ensure all documents are current and consistent before submission.
Applying to multiple lenders within a short window signals credit hunger and can trigger automatic rejection at some institutions. Solution: space out applications and apply selectively.
Lenders cross-verify your declared income against bank statements and ITR. Any significant mismatch leads to rejection. Solution: declare accurately, and if self-employed, ensure your ITR reflects your actual business income.
Settled accounts, write-offs, or disputes marked on your credit report signal risk to lenders, even if your current score looks reasonable. Solution: clear any outstanding disputes and avoid loan settlements where possible.
Before submitting your application anywhere, our team reviews your profile against real lender criteria — so you apply to the lender most likely to approve you, the first time.
Talk to our loan experts today — free consultation, no obligation.
