You earn ₹50,000, ₹1 lakh or even more per month — but still got a loan rejection message?
Don’t worry, you’re not alone. In 2025, lenders assess more than just your monthly salary.
Vizzve Finance uncovers the hidden reasons behind such rejections — and how to fix them.
Why Your Loan Was Rejected Despite a High Salary
1. Poor or No Credit Score
Even with a high salary, if your CIBIL score is below 700 or non-existent, lenders see you as risky.
Missed credit card payments
No past loans = no repayment history
Too many credit inquiries = desperation signal
🧠 Fix: Get your credit score free from CIBIL or Experian. Maintain good credit hygiene.
2. High Existing EMIs or Credit Utilization
If over 40–50% of your income is already going to EMIs
Or if your credit card bills are high — you're over-leveraged
🔧 Fix: Clear small loans first. Reduce credit usage before applying.
3. Employer Profile or Job Type
Even if you earn well, if your employer isn’t listed, or your job is in an unstable sector (startups, freelancers, etc.), banks get cautious.
💼 Fix: Choose NBFCs or fintechs like Vizzve that are flexible with profiles.
4. Documentation Gaps
Mismatched PAN/Aadhaar info
Incomplete income proofs
Bank statement inconsistencies
📌 Fix: Ensure your KYC, salary slips, and address proofs are consistent.
5. Wrong Loan Product or Lender
Some banks reject based on their internal policy, not your eligibility.
💡 Fix: Use Vizzve’s smart loan matching tool to apply only where you truly qualify.
How Vizzve Finance Helps You Get Approved
✔️ Pre-check credit eligibility
✔️ Find best-match loan offers based on your profile
✔️ Transparent documentation
✔️ 24x7 support from loan experts
✔️ RBI-registered NBFC tie-ups
Pro Tips Before You Reapply:
Wait 30–60 days before applying again
Improve your credit score
Choose a smaller amount initially
Apply through trusted portals like Vizzve Finance
FAQs
Q1: My salary is ₹80,000/month. Why was I rejected?
Possibly due to poor credit history, job type, or high existing EMIs. Salary alone doesn’t guarantee approval.
Q2: Can I get a loan without a credit score?
Yes, but mostly from NBFCs or digital lenders like Vizzve who offer starter credit products.
Q3: Will applying again hurt my credit score?
Yes — repeated hard inquiries can lower your CIBIL. Always check eligibility first.
Published on : 22nd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed