Many people think they earn enough to qualify for a loan — but still get rejected.

One of the most common reasons is high monthly commitments.
Banks don’t just look at your salary.

They look at how much of your income is already committed to repayments.

This includes:
• Personal loans
• Car loans
• Housing loans
• Credit cards
• Installment plans

Even if your credit card looks manageable, banks may calculate it differently.

For example, banks may take a percentage of your outstanding balance and treat it as a monthly commitment — even if you are paying it in instalments.

This can significantly reduce your loan eligibility.