Application Rejected For Personal Loan ? What Next?

Highlight: People can be confused about what to do after their personal loan application is rejected. Read on to know what one can do once this happens.

When you realize that the personal loan application has been rejected, you might be left confused. As a borrower seeking capital, you need a clear path to understand what should be done after this has happened. What you must do, is correct the errors that might have caused your rejection to occur. 

There could be several reasons for a loan application rejection. It could be due to a low credit score, filling up of incorrect or incomplete information, lack of correct documentation, or some other factors like employability checks, age, income regularity, or sometimes even educational qualifications. 

You should always make sure that you are well versed with all the criteria given by the lender so as to avoid this kind of possibility of your rejection of a personal loan application.

Where to get a loan if your application is rejected

Although there are multiple lenders available in the market, both online and offline, one of them that stands out is EarlySalary. EarlySalary is one of the forerunners by being India’s earliest consumer lending platform. They have helped in getting short tenure loans to people in form of salary advances and have passed a million loan disbursals. Fibe has got you covered with all kinds of financial trouble with help of its various facilities. Be it for paying bills, or planning an impromptu trip, Fibe is your one-stop solution for all kinds of instant cash needs.

When your personal loan application gets rejected, EarlySalary can save you with its instant cash loan. How instant you ask? Get the cash loan in under 10 minutes to suit all your needs. The registration procedure is absolutely simple. All you got to do is download the Early application from the Google Play Store or the iOS App Store or you could log on to the  EarlySalary website. Once logged in, all it takes is minimal documentation, an easier application for your loan, and quick approval at last. 

Eligibility Criteria for Personal Loans From Fibe

The eligibility criteria for loan approval are simple too. The only criteria you have to follow to avail of a loan from here are:

• You have to be a salaried Indian citizen
• Existence of a Facebook/Google account to sign-in on the EarlySalary Instant Loan App
•  You should be aged at least 18 years or above
• You must have a minimum salary of Rs 15,000 if you are a resident in a non-metro city or Rs 18,000 if you are a resident in a metro city.

The basic documentation including PAN Card, Address Proof, bank statement, Aadhar card, and a single selfie will ease your way into getting the desired loan for your needs. You can find Fibe all over India. 

Fibe’s personal loans are made for all of your needs. Once you get approved via Fibe’s eligibility criteria and get your credit limit, the loan disbursal process takes just a few minutes for the money to reach your bank accounts. The loan amounts are flexible, you can avail Rs. 5,000 to Rs. 5,00,000 to fulfill your requirements. It is quick, secure, and given in online format where there are no hassles of carrying paperwork, available 24*7. 

The advantages of getting a loan from Fibe? No collateral, flexible repayment schedules, zero prepayment charges, no pre-closure charges, no restrictions on usage of the loan amount, and always availability of attractive and lower rates of interest. 

Want to talk to us about credit, education loans, and your instant cash needs? We are here, ping us on:

Download the Fibe app here, or log in to our website and be a part of the #OneSmallStep experience