New Delhi, Oct. 16 -- If you are searching for a personal loan and assume that only your credit score determines whether you will get the loan or not, then you are probably wrong. The credit department of your bank considers several factors besides credit score. For instance, someone with a low monthly income and a high credit score does not have a good chance of getting a personal loan approved.

Similarly, when you have an existing loan of a high amount, the lender may be reluctant to offer another personal loan unless your income justifies additional borrowing.

As they say, the devil is in the details; let us untangle them here.

Age: Sometimes, age can be a factor for loan rejection. Typically, young salaried people have a higher pro...