Good CIBIL Score, Still Loan Rejected? 5 Reasons Why Banks Say No

• Even with a CIBIL score above 750-800, loan applications can be rejected as banks assess your entire financial situation, not just the score.
• High EMI burden (Debt-to-Income ratio) can lead to rejection if a large portion of your income is already committed to existing loans.
• Multiple loan/credit card applications in a short period (hard inquiries) signal urgency and increased risk to banks.
• Job instability, probation periods, irregular income, or incomplete documents for self-employed individuals can cause loan rejection.
• Minor errors in your credit report, such as 'Settled' instead of 'Closed' accounts or un-updated entries, can also lead to rejection.