Unable to get Personal Loan

[VikarshJain]

I want a personal loan of about 1 Lakh ll the banks have rejected my application my CIBIL score is 757 and I have a Total payable credit left of about 3.5 Lakhs Credit Cards + Loans which I have to pay in next 2 years also I have a Salary of 75000 and a Yearly Bonus of about 3 lakhs still I am unable to get loan where should I try I need to now for my medical expenses that are going to be there in the next 5-6 months

 

[anuragmukherjee28]

Sorry to hear about the trouble, even with a 757 CIBIL score, loan rejections can happen if banks feel your current credit exposure (₹3.5L) is already high compared to your income or if your debt-to-income ratio looks stretched.

1. Check with your salary account bank first: They already have your income records and may offer a pre-approved or instant personal loan with easier terms.
2. Consider smaller NBFCs or digital lenders: Platforms like Bajaj Finserv, KreditBee, PaySense, or MoneyTap sometimes approve smaller ticket loans (₹50k–₹1L) even when banks decline, though interest rates may be slightly higher.
3. Try a top-up on existing credit cards: If you have good repayment history, ask for an EMI conversion or loan against card limit. It’s quick and doesn’t need new documentation.
4. Reduce active dues a bit: Even paying off one small loan or bringing credit utilization below 40% can improve your approval odds in a few weeks.
5. Medical emergency option: If it’s urgent, check if your employer or health insurer has a medical advance or cashless hospitalization facility could ease pressure without a personal loan.

Every bank has its own risk filters, so I can’t guarantee approval anywhere, but trying with your existing bank or a reputed NBFC first usually works best. Are your existing loans personal loans, or mostly card EMIs? That might help narrow down which lender could still consider your case.