Search results for query: over leverage

Thanks. Will go through the post.

sbi took this word 'over leveraged' when rbi said provide proper reasons rather saying internal reasons. which according to them worked for many times. its better either try to switch that simplyclick to octane or apply separately on other family members name. as mentioned 16 years can't...

for me cb..i applied that first and got at first application without rejection..point is more cc has over leverage issue..my first pick sbi cb cc

for most of the banks it is okay.. SBI is notorious for Over leverage concept.. I think there are a few other banks like SC ans some other one or two banks ... but out of all SBI is the most strictest for over-leverage concept

This will be like a religion thing for SBI.. ie Over leverage… If you are really over leveraged then you won’t get any SBi card let alone CB card

No . . But 8L is plenty and it was doubled because of Tata neu infinity and I am overly overly leveraged.. in a nutshell I don't want any LE from hdfc

Yes faced this problem while trying to get sbi cashback card. They declined application citing over leverage. Have closed 2-3 cards which I am not using.

Definitely no expectations from SBI. Because even on new feature they will treat me as Over Leverage for sure. 😂 😂

Guys, don't take me wrong. Just keep in mind of over leverage with overall credit limits. It will be very tough to clear while going for any loans or any kind of debt in future. Recently many banks are considering this option of Over Leverage. Take any card if it fits in your purpose, just don't...

and how much will be your declared income in your new application ? and if it is more than 7.5 L , then your application may be approved .. ( the safest limit I am talking about).. the lesser this number (below 7.5L) then the greater are the chances of rejection ...

definitely okay ..

Yes bank 😲 you are a Yes Marquee person on TF. They might not knowing your reputation. Over Leverage depends on the bank they are offering you, just wait for some time.

Over leverage to nahi hu 😉

I also got the same answer which we were expecting. Internal policy which is over leverage.

Over leverage depends on usage of credit card I guess instead of just having credit but if that's how SBI rejects then i will not get a sbi card

...discussion here on "overleverage". You can check it https://www.technofino.in/community/threads/sbi-card-over-leveraged-heres-the-solution-experiment.29682/ Or search this forum for "over leveraged" to know more about your issue. Also note SBI cashback can only be applied by online process.

I regularly get a call from sbi agents to apply for sbi cc and now when I applied they instantly declined 🙃

@imdjay At first looking at feature I was like WOW, SBI is using Tech to increase the limit and thought they would be generous on Over Leverage which we don't understand. But the same old story with them.

...And there was a considerable increase in my annual income this year, after doing all this approached SBI for Limit increase and they are telling the same thing now (Over Leverage). So I just left LE from SBI and let them give when they wanted to give. I just left that case of LE from SBI for now.