5 Reason Why People Get Rejected for Personal Loans
                     5 Reason Why People 
Get Rejected for 
Personal Loans?

REASON TO GET REJECTED 
FOR PERSONAL LOANS
There are many reasons that rejected your personal loans:
• Low or No Credit Score
• Multiple Loan Enquiries
• Too Many Existing Debts
• Eligibility Criteria and Documentation Not 
• MUnesttable Employment History
LOW OR NO CREDIT 
SCORE
The credit score is a numerical value assigned to your profile that 
lender’s check in order to determine the applicant’s 
creditworthiness prior to sanctioning any type of credit or loan. 
MULTIPLE LOAN ENQUIRIES
One may have a requirement for a personal loan which drives 
them to make multiple enquiries and applications with various 
lending institutions. 
TOO MANY EXISTING 
DEBTS
Existing debts and financial commitments that engulf the 
maximum portion of your income may also lead to the rejection of 
your personal loan application.
ELIGIBILITY CRITERIA 
AND DOCUMENTATION 
NOT MET
Every lender outlines the minimum eligibility criteria that include 
income as one of the key components for a personal loan request.
UNSTABLE EMPLOYMENT 
HISTORY
The approval of your personal loan is also dependent on your 
employment history. If you change jobs too often or are unable to 
show consistent employment across a designated period of time 
will lead to a rejection of your personal loan request.
https://en.wikipedia.org/wiki/Loan
https://www.fullertonindia.com/knowledge-
center/why-personal-loan-application-
rejected.aspx
R E F E R E N C  
U R L :
T H A N K
Y O U !