When you apply for a personal loan, the difference between instant approval and instant rejection often comes down to a few simple steps.
Here’s how to boost your approval chances fast, especially when you’re applying online with digital lenders like Vizzve Finance.
1. Know Your Credit Score First
Before applying, check your CIBIL score using a free credit report.
750+ = High chance
650–749 = Medium chance
Below 650 = Work needed / alternate data required
👉 Pro Tip: With Vizzve, you can still qualify based on bank statement patterns or UPI income, even with a lower score.
📄 2. Upload the Right Documents
Missing or mismatched documents delay approvals. Always prepare:
PAN card
Aadhaar (linked with mobile)
Active bank account
Last 3–6 months’ bank statement
Salary slip (if salaried) or transaction proof (if gig worker)
📉 3. Reduce Existing EMIs (if any)
Your debt-to-income ratio should be below 40–50%.
If you’re already paying 2+ EMIs, try to:
Close smaller loans first
Avoid applying for big amounts
Consider top-up instead of a new loan if you’re an existing Vizzve user
📈 4. Apply for a Realistic Loan Amount
Don't stretch for ₹5 lakh if your income supports ₹2 lakh.
| Monthly Salary | Ideal Loan Range |
|---|---|
| ₹25,000 | ₹1 – 1.5 lakh |
| ₹50,000 | ₹2 – 4 lakh |
| ₹75,000+ | ₹5 lakh+ |
Vizzve’s digital loan engine adjusts loan size to match your profile — so you avoid unnecessary rejections.
🔄 5. Avoid Multiple Applications at Once
Every lender inquiry creates a hard pull on your credit report.
Too many hard pulls = Lower score.
💡 Instead, use Vizzve’s soft eligibility check — it won’t impact your credit and gives a loan estimate instantly.
🧠 6. Correct KYC Errors
Small errors in PAN/Aadhaar details (like mismatched DOB, name spelling) can trigger instant rejection.
✅ Check that your PAN, Aadhaar, and bank account have matching details.
Bonus Tip: What If You’re a First-Time Borrower?
Don’t worry. Vizzve supports:
Gig workers and freelancers
First-time loan seekers
Users with limited credit history
You’ll be evaluated using alternate credit data like digital payments, bank cash flow, and income activity.
❓FAQs
Q1. How fast can I get a personal loan after applying?
With Vizzve, eligible borrowers get same-day disbursal — often within 30–60 minutes.
Q2. Can I improve approval chances without a credit score?
Yes. Upload strong alternate documents like consistent bank statements or e-commerce income history.
Q3. Will checking eligibility lower my CIBIL?
Not with Vizzve’s soft credit check tool. No impact on your score.
Q4. Can I add a co-applicant to boost approval?
Yes, if you're applying through a bank or traditional lender. Vizzve loans are usually single-applicant and simplified.
Published on : 23rd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed