Guide
Common reasons a personal loan is declined
Why a file stops, and what is worth fixing first.
Reasons we see often
The income can support the EMI on paper, but existing loans already use the lender’s limit. Cheque or EMI bounces in the last few months are taken seriously even when the score has recovered. A new job, a gap in salary credits, or statements that do not match the salary slips will stop a file.
Too many enquiries, a settled or written-off account that is still open, or a card that is nearly fully used are also common. None of these is repaired by submitting the same file to more lenders in the same week.
What WishON will and will not say
If the file is unlikely to clear, we say so before a login. That is an opinion from reading similar files, not a guarantee that a lender will agree or decline. We do not charge you a sourcing fee, and we do not promise the lowest rate or instant disbursement.
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