fbpx

Here are the Top Reasons Why your Personal Loan Got Rejected

Many financial institutions offer hassle-free personal loans. However, due to their unsecured nature, an application goes through strict scrutiny before approval.2 min


146
146 points

A personal loan might prove to be of great help in time of a financial crisis. Unfortunately, loan applications can get rejected for several reasons. Multiple rejected applications can reflect in your credit score as well making you less credible as a borrower. 

Many financial institutions offer hassle-free personal loans. However, due to their unsecured nature, an application goes through strict scrutiny before getting approved. The chances of a lender accepting your application reduce drastically if any one of the below-mentioned points is present.

  • Poor credit rating.
  • Insufficient income. 
  • Poor job security.
  • A number of applications in a pre-set time.
  • The absence of necessary documents.
To see the full content, share this page by clicking one of the buttons below

Like it? Share with your friends!

146
146 points
Arwind Sharma

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend