Having a loan application rejected is frustrating and leaves a temporary footprint on your credit report. Here is how to diagnose and fix the root causes:

1. High Existing Debt-to-Income (FOIR > 55%)

Fix: Close small consumer loans or credit card balances before reapplying to free up disposable income.

2. Credit Score Below 700 or Recent 30-Day DPD

Fix: Wait 6 months while making all payments on time to clear temporary delinquency flags.

3. Unlisted Employer or Frequent Job Switching

Fix: Banks categorize companies into Super-A, A, B, and C tiers. Having at least 6 months continuous tenure with your current employer builds stability.