• Rejection reason mandatory in writing (RBI)
• Common reasons: low CIBIL, income mismatch, profile risk
• RTI to bank PSU under §6(1)
• Private banks NOT under RTI but subject to BO grievance
• Banking Ombudsman handles loan rejection complaints

1. Get written rejection from bank — In 30 days of decision.
2. Check rejection grounds — Specific reasons required (not generic).
3. Get CIBIL report — Free annual report from CIBIL/Equifax/Experian/CRIF.
4. File RTI to PSU bank for grievance — For rejection rationale + similar applicant approvals.
5. Banking Ombudsman complaint — If bank doesn't respond.
6. Try multiple banks — Different lenders have different criteria.

• Loan application no.
• Bank statement (12 months)
• CIBIL report
• Income proof

• Generic rejection reason — file RTI for specific grounds + CIBIL score used.
• CIBIL score updated — request bank to re-pull + re-evaluate.
• Income mismatch — provide updated salary slips + IT returns.
• Multiple rejections same reason — file pattern complaint to BO.

Most “delays” or “rejections” clear within 7-15 days of an RTI being filed. Use this 5-question template:

1. Status of my application no. _____ dated _____ as on date.
2. Name + designation of dealing officer assigned to my file.
3. Reasons for delay beyond the statutory timeline.
4. Copy of any noting / movement of my file in the past 30 days.
5. Likely date of resolution / decision.

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No — RBI sets prudential norms. Lending is bank discretion.

Most banks. Some accept 700+ with higher interest.

Yes — improve loan-to-income + share guarantee.

For priority sector loans, State Level Bankers Committee can intervene if bank denies.

• All banking guides
• 25 status-check guides
• 25 how-to-apply guides
• 16 rejection-recovery guides
• 32 helplines + grievance routes
• Full RTI Playbook

Last reviewed: 26 April 2026.