Profile Is Not According To Bank’s Internal Policy:

Internal policies for some banks may dictate that some geographic area or credit profiles are negative for lending and the bank won’t be able to sanction loans. In such case, one need to discuss it with the bank and provide other security in the form of a guarantor or in the form of insurance policies, collateral securities and fixed deposits, in order to assure the banker about their repayment ability.

Residential Address On The Defaulter List:

If the applicant bears the same address as someone who has been a defaulter for either loan repayment or credit card dues and which has been reported to CIBIL, in this case the chances of loan rejection increases. Banks often have negative PIN codes based upon historical delinquency experience, where they may not lend. This is because the residential address will match with a disproportionate number who are on the defaulter’s list.

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