Search results for query: over leverage

Aurum card application rejected due to over leveraged. But RM and his manager trying to get exception approval. Is this possible?? Did anyone got exception approval??

Currently I hold close to 10 cards with ITR of 30L & overall credit limit across all the cards 43L. I don't have any SBI credit card and looking to apply one. CIBIL of 781 & no defaults. So my question is am I over leverage according to SBI?? Shall I apply directly or reduce my exposure?

...card and it was denied with internal policy decision as response. I went to the bank and found out that the reason specified was “over leveraged”. I have no outstanding loans. I never missed a single payment and have over 800 CIBIL score. In fact I closed SBI Simply click card in 2018. I...

Over leveraged 😉

The PSU thinks that I'm an over-leveraged person.😂

Not over leveraged for these banks. But for SBI, yes

i have lot of credit cards, that might be over leveraged?

will u explain me what over leverage is? i have total 4 cc.. sbi cb paid..1.2L amazon and coral icici ltf 2.9L yes bank kiwi cc 1.6L in this case over leverage may occur?

Do you have an SBI savings account? Some people say, If you have a SBI savings account they ignore this over-leverage thing. Is it true? Any idea?

You can search this forum for "over leveraged". I will refer here one of recent discussion https://www.technofino.in/community/threads/am-i-over-leveraged-for-sbi.27865

Don't understand how they fulfill their targets , when they decline application saying "Over-leveraged". SBI cards should change their policy!!

Not over leveraged and live in Bangalore city. I have may be 6-7 cards in which use only 3 cards.

Age shouldn't be an issue. But looking at other posts it seems like over leveraging is the issue in my case.

Don't they get to know that one is over leveraged by checking the CIBIL manually?

Over leverage hone pe card nahi milta . Per txn to ker hi skte ho.

My thoughts exect, amex also rejects for same

What is considered over leverage? If your total CL is half of your ITR, is that okay?

Most probably it is the over leverage issue. Try to reduce limits on other cards if not needed that much high limit.

Thats for the fat icici credit limit guys not everyone over leveraged

As your ITR is 30L and your limits across cards is 43L you're not over leveraged (<1.5times) - If your Credit limit range crosses above 2-2.5 times (Estimated) your ITR then SBI may consider you over leveraged.