5 Reasons Why Your Loan Could be Rejected


Bangalore: Are you very hopeful about getting loan from bank? Now when things are got so costly, on one can think of owning a private bungalow or a luxurious vehicle without depending over a bank loan. However getting a loan sanctioned is not easy as for certain reasons bank may reject your appeal for loan. Read this article to know about the lesser known facts which possibility leads to loan rejections and the ways of tacking this issue, so that you can obtain a loan without any hassles, reports BankBazaar.com

1. You are a compulsive impulsive job hopper who does not stay in a job for more than 6 months!

If you are planning to take a home loan, then switching jobs can lead to rejection of your loan request.  As banks prefer applicant with job stability and thus it only consider employees work have worked in a same firm for more than three years as eligible for a home loan. 

In case you wish to switch your job in hope of better pay, then let your plan wait until your loan is sanctioned.