Good CIBIL Score Not Enough? Why Your Loan Application Might Still Be Rejected

• A high CIBIL score doesn't guarantee loan approval; banks assess overall financial health, income, and job stability.
• Existing EMIs and high monthly expenses relative to income can raise concerns for lenders.
• Applying for multiple loans or credit cards in a short period can signal financial distress.
• Job instability, such as recent job changes or probation, can negatively impact loan approval.
• Errors in credit reports, limited credit history, or lender-specific internal policies can also lead to rejection.