You've applied for a loan.
Days go by. No response. No clarity. Just stress.
Sound familiar?
Loan delays are more common than you think, especially with traditional banks and lenders. But most of the time, it's not just the bank’s fault—it’s also avoidable mistakes we make.
💡 With Vizzve Finance, your loan approval is fast, transparent, and frustration-free—if you know what not to do.
Top Reasons Your Loan Might Be Delayed
❌ 1. Incomplete or Incorrect Documents
Even one wrong detail—like a mismatched Aadhaar number or expired ID—can cause a delay or rejection.
📌 What to do:
Double-check your:
PAN, Aadhaar, Bank Statement
Salary Slip (if salaried)
UPI/Bank verification
✅ Vizzve’s app automatically validates your documents in real-time.
❌ 2. Low or No Credit Score History
Lenders get nervous if you have:
A very low CIBIL score
No past credit history at all
📌 What to do:
Start with small, short-term loans and repay them on time.
✅ Vizzve offers loans even to first-time borrowers or those with low CIBIL, using salary verification instead.
❌ 3. Salary Irregularities or Job Instability
Lenders look for:
Steady income for the last 3–6 months
No frequent job switches or gaps
📌 What to do:
Show consistent salary credit in your bank account.
✅ Vizzve links to your salary account to quickly verify regular income flow.
❌ 4. Multiple Loan Applications at Once
Applying to multiple platforms at once can:
Hurt your credit score
Trigger lender suspicion
Slow down approvals
📌 What to do:
Apply to one trusted lender at a time.
✅ With Vizzve, you get a decision within minutes, so you won’t need to shop around.
❌ 5. Not Responding to Verification Calls or Emails
Lenders often reach out for final verification. If you miss the call or delay replying—your application may be paused.
📌 What to do:
Answer promptly. Keep your phone and email active post-application.
✅ Vizzve sends smart notifications and requires minimal back-and-forth thanks to digital verification.
❌ 6. Overstating or Hiding Financial Details
Many applicants:
Overstate income
Hide existing debts
Fudge job details
📌 What to do:
Always give accurate and honest information.
✅ Vizzve’s approval is based on real salary records, so there’s no need to guess or lie.
✅ How Vizzve Finance Ensures Faster Loans
| Feature | What It Does |
|---|---|
| 🔍 Real-time KYC | Verifies PAN, Aadhaar, and salary instantly |
| 🧾 Salary-Linked Loans | No credit score needed |
| 🕒 Instant Eligibility Check | Know your status in under 2 minutes |
| 📲 Paperless, App-Based Process | No manual forms or long queues |
| 📩 Smart Notifications | Reminds you of pending steps (if any) |
FAQs
Q1. What if I don’t have a credit score?
No problem! Vizzve uses your salary credit as the main factor.
Q2. How long does Vizzve take to approve a loan?
Most loans are approved and disbursed within minutes, provided your documents are clear.
Q3. Can I get a loan if I just started a new job?
Yes, if you’ve received at least 1 salary credit, you may be eligible.
Q4. What should I do if my loan is stuck?
Use the Vizzve app’s Help & Support for real-time guidance.
Conclusion
Loan delays aren’t just annoying—they can be financially damaging when you’re in urgent need.
By avoiding common mistakes and choosing a transparent platform like Vizzve Finance, you can take control of your loan journey.
📲 Download the Vizzve app now and get your loan approved—fast, easy, and without stress.
Published on : 6th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.