High Credit Score, Still No Loan? Uncover the Hidden Reasons for Rejection

• A high credit score is not the only factor; banks assess overall financial situation.
• Income and existing EMIs are crucial; lenders evaluate your ability to afford new payments.
• Too many recent loan applications can signal financial stress to lenders.
• Job stability and consistent income are important for loan approval.
• Minor credit report errors or limited credit history can also lead to rejections.