Your Credit Score Is Good… So Why the Rejection?
You’ve been financially responsible, maintained a high CIBIL score, and still — your personal loan was rejected. That can feel frustrating and confusing.
Here’s the truth: while a good credit score is important, it’s not the only factor lenders consider.
Let’s break down the real reasons your loan may have been declined even with a great score — and how Vizzve Finance can help.
Top Reasons Why Personal Loans Get Rejected Despite a Good Credit Score
1. Unstable or Unverified Employment
If you’ve changed jobs frequently or your employer isn't on the lender's approved list, that can trigger rejection.
Self-employed individuals with inconsistent income also face stricter scrutiny.
2. Insufficient Income
A high credit score doesn’t override a low or irregular income.
Lenders have specific income thresholds depending on the loan amount.
3. High FOIR (Fixed Obligations to Income Ratio)
If your existing EMIs or credit card dues already eat up most of your income, banks may consider you over-leveraged — even if you never defaulted.
4. Incorrect or Incomplete Documentation
Address mismatch, expired documents, missing bank statements — even small mistakes can halt approval.
5. Multiple Loan Inquiries
If you’ve applied with several lenders in a short time, your profile may appear “credit hungry,” leading to rejection.
6. Mismatch Between Loan Amount & Eligibility
Asking for a loan amount that’s too high for your income bracket or repayment capacity may result in denial.
7. Profile Not Matching Internal Lending Policies
Lenders also consider location, job type, age, and internal risk parameters not visible to applicants.
How Vizzve Finance Increases Your Loan Approval Chances
At Vizzve, we do more than check your credit score.
✅ We assess your complete financial health
✅ Offer pre-checks on income & obligations
✅ Match you with the right lender for your profile
✅ Guide you to improve approval odds before applying
📞 One rejection doesn’t mean the end. With Vizzve, you can bounce back stronger with expert-backed insights and smart options.
Final Takeaway
Even with a good credit score, you can face loan rejection due to income, documentation, or lender-specific issues. That’s why it's critical to look at the bigger picture — and partner with a platform like Vizzve Finance that helps you navigate these hidden roadblocks.
Don’t let one “No” stop your journey — we’ll help you turn it into a “Yes.”
❓ Frequently Asked Questions (FAQs)
Q1. Can I still get a loan if I was recently rejected?
Yes. You can reapply with better income proof or opt for a lower loan amount. Vizzve can help re-evaluate your profile.
Q2. Will rejection affect my credit score?
No, but multiple rejections and inquiries can lower your CIBIL score over time.
Q3. How much income do I need for a personal loan?
It depends on the lender, but most expect a minimum of ₹15,000–₹25,000/month for salaried individuals.
Q4. Can I get a personal loan without fixed employment?
Yes, if you're self-employed with steady income and valid financial records.
Q5. How does Vizzve ensure better approval?
We do a pre-check of your income, debt, credit, and match you with lenders who fit your profile — increasing approval chances.
Published on : 22nd July
Published by : SMITA
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