Short answer
A decent salary helps, but banks approve loans based on your overall risk profile. Many rejections happen due to credit behaviour, existing EMIs, or eligibility checks, not salary alone.
High EMI to Income Ratio
Even with a good salary, if your existing EMIs (home loan, car loan, card EMI) already take a big chunk of income, the bank may reject. They worry you might struggle if expenses rise or income dips. Salary achhi ho, but obligations zyada ho sakti hain.
Low Credit Score or Recent Missed Payments
A single late payment, EMI bounce, or overdue can pull your score down and raise red flags. Banks care more about repayment discipline than income. If your credit history shows instability, salary alone won’t save it.
High Credit Card Utilisation
If you use a large part of your card limit regularly, it signals stress. Even if you pay on time, high utilisation can reduce approval chances because it looks like you depend on credit.
Too Many Recent Enquiries
Applying to multiple lenders in a short time creates many credit enquiries. That can look like “urgent need for money” and banks may reject even if your salary is good.
Job and Income Stability Issues
Banks check stability, not just the amount. Frequent job switches, variable incentives, cash salary, or short time in current job can reduce approval chances. They prefer a predictable income.
Documentation or Data Mismatch
Small issues like address mismatch, name mismatch, employer details, or inconsistent income proof can cause rejection. Yeah, common hai, and many people don’t realise it.
Existing Loan Behaviour and Loan Type
Unsecured loans (personal loans, credit card dues) carry a higher risk. If your profile already has multiple unsecured loans, banks may reject new loans even with a decent salary.
Final takeaway
Salary is only one part. Clean repayment history, low utilisation, manageable EMIs, stable job, and correct documents matter more. Agar rejection hua hai, first identify the reason, then apply again with fixes.
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