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LOAN APPLICATION REJECTION
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Can a bank reject your home loan application if your monthly income is Rs 35,000? Know what expert saysWhen you apply for a loan, the lender makes two primary checks: your credit history and score and your income. If either of these doesn’t m...
Will your loan application be rejected if you are first-time borrower with no credit history? Here's what Finance Ministry saysThe Finance Ministry clarifies that lenders cannot reject loan applications from first-time borrowers without credit history. Reserve Bank ...
Looking for loan? Here are 5 eligibility factors that can affect your loan applicationRemember these factors of the eligibility criteria to ensure that your loan application is not turned down.
How to avoid rejection of personal loan applicationMost lenders consider your loan application after looking at the minimum net monthly income and accordingly, they sanction your loan amount.
- Why banks may reject your home loan application
Here are some little known parameters used by banks to decide your loan eligibility and how you can ensure you meet these.