New Delhi, Nov. 10 -- Before applying for a personal loan, most people consider their credit score and income only to determine their eligibility. An individual may have a decent credit score of 700+. Yet, in some cases, the loan application may still get rejected.

In this article, we will explore some of the reasons why a personal loan application may get rejected inspite of having a decent credit score.

Banks and NBFCs have various eligibility criteria for personal loans and other types of loans. For example, a bank may specify the credit score eligibility criteria as 700 or higher. However, the credit score is only one of the criteria considered for personal loan applications. Even if you meet this criterion (credit score of 700+), y...