What Ought To Be Done  If  Your Personal Loan Application Gets Denied
                     WHAT SHOULD BE DONE IF  
YOUR PERSONAL LOAN APPLI
CATION GETS DENIED

PERSONAL LOAN SIMPLIFIED
 Personal loans are much preferred by 
borrowers for their ease of application 
and approval. 
 These are unsecured loans that can be 
availed without a collateral or 
restriction on its end-use. 
 One can use the funds from personal 
loan for any reason whatsoever as the 
amount is not bound.
 If your personal loan application gets 
rejected, do not get disheartened. 
 You can always re-apply for the 
personal loan once you know the 
reason for the rejection and fix it.
STEPS TO TAKE IF YOUR PERSONAL 
LOAN APPLICATION GETS DENIED
 Step 1 – Find out the reason for loan application 
rejection
 Step 2 – Recheck your credit score
 Step 3 – Check your debt-to-income ratio
 Step 4 – Check for the required documents
#1 – FIND OUT THE REASON FOR 
LOAN APPLICATION REJECTION
     Some of the most common reasons for a personal loan application 
rejection include:
 Poor credit score
 Insufficient income
 Unstable employment history
 Default history
 Incomplete documentation
This step is very important to make sure that you improve on the 
denial clause and prepare to re-apply for the loan.
#2 – RECHECK YOUR CREDIT 
SCORE
 Credit score is the first thing lenders see when they evaluate your 
loan application. 
 This is the most common reason behind your loan application 
getting rejected or approved. 
 Once this check is fulfilled, the lenders move forward to check your 
income and other criteria.
#3 – CHECK YOUR DEBT-TO-
INCOME RATIO
 The next step is to check your debt-to-
income ratio to know if your loan 
application is rejected due to low 
income.
 If this is the case, you can reapply for the 
loan with a reduced loan amount in case 
the initial amount you applied for was 
higher with respect to your income. 
 You can even look out for the lenders 
who offer personal loans for people with 
lower income.
 Also consider clearing off your old debts 
to elevate your income ratio and reapply 
for the loan.
#4 – CHECK FOR THE REQUIRED 
DOCUMENTS
 Most lenders only need a few basic 
documents to process your personal 
loan application. Documents required 
for a personal loan at Clix Capital are:
 Duly filled application form
 Recent passport size photograph
 ID Proof
 Address Proof
 Income Proofs
CONCLUSION
     A personal loan rejection is not the end of the road; take it as a blessing 
in disguise to be better prepared for your next application. If you’re still 
struggling while securing a personal loan, visit www.clix.capital to check 
your credit score and know if you’re eligible for our select pre-qualified 
personal loan offers.
CLIX CAPITAL SERVICES PRIVATE 
LIMITED
 Address: 901b, 9th Floor, Two 
Horizon Centre, DLF Phase V, 
Gurgaon, Haryana, India – 122002
 Call us: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital 
Read More: www.clix.capital/clixblog/what-to-do-if-your-personal-loan-application-gets-denied