Here’s how to get a home loan after CIBIL rejection,
First, ask the bank for a detailed rejection reason (this is your right). Knowing whether it was due to low CIBIL score, documentation gaps, high debts, or income issues helps you address the exact problem before reapplying.
Improve Your CIBIL Score: Work on your credit profile by paying EMIs and credit card bills on time every month. Clear outstanding debts (credit cards, personal loans). Keep credit utilisation below 30%. Check your CIBIL report for errors and dispute them if needed. A strong CIBIL score (ideally 750+) boosts approval chances.
Reduce your debt-to-income (DTI) ratio by paying off current loans. Lenders favour a DTI under 35 to 50%. Fewer debts indicate a greater ability to repay in their opinion
Apply with a co-applicant (like a spouse or parent) with a good credit score and stable income. This increases total income and reassures the lender, making them more likely to approve the loan.
Offering a larger down payment reduces the loan amount required, making your application appear less risky and easier for banks to approve.
Confirm that all documents – salary slips, bank statements, ITRs, property papers, identity proof, and address proof – are precise, consistent, and comprehensive. Insufficient documentation is a reason for rejection.
If traditional banks reject you repeatedly, try NBFCs or fintech lenders, which often have flexible criteria (though possibly higher interest rates).
Don’t apply immediately again. Wait 3 to 6 months to let your credit improvements reflect and avoid multiple hard inquiries that can lower your score further.
I hope this helps!
Check Your Home Loan EMI Eligibility Instantly & Get Low-Interest Loan Sanctioned with NoBroker Now!
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
How to Get a Home Loan After CIBIL Rejection?
Sam89
20 Views
1
22 days
2026-01-30T22:23:35+00:00 2026-01-30T22:23:36+00:00Comment
Share