Search results for query: over leverage

I was denied by sbi representative who called me and told my profile is over leveraged and they can’t provide sbi card to me. Can someone throw some insight?

U2-approval over leveraged What is U2 approval over here

Application Rejected, without even asking for income, Im not sure how they check over leveraged without that... Any escalations to ask for reason?

The problem is even if we have add on cards they will still reflect as standalone cards and there by representing us as over leveraged, even though we may have a single card only.

HSBC, SBI and few other banks consider this over leverage concept.. Ex: In CIBIL, HDFC CC 1 limit: 800000 HDFC CC 2 limit: 800000 HDFC CC 3 limit: 800000 (though in HDFC its shared limit) AXS CC 1 limit: 700000 AXS CC 2 limit: 700000 AXS CC 3 limit: 700000 AXS CC 4 limit: 700000 (though in...

If you apply thru CK for the new BPCL , then it will most likely be rejected because of "Over leverage" issue ( 90%) chance.. But if you are approved for the new card, then it will have a new seperate limit on top of your current 1.2L limit on the other card.. It all depends upon your...

aap ko reason kya diya rejection ka ? over leverage ?

We share the same belief on over leveraged.

If over leverage is a problem for you then don’t take it

Was it your second or third sbi card? Didn't you face any over leveraged issue?

Looks like it is true n valid. My CIBIL score is 805.

Check this thread https://www.technofino.in/community/threads/u2-approval-over-leveraged-rejection-reason-for-sbi-cards-possible-reasons-and-solution.25321/

My brother card, I am using it. (I have downgraded my Prime to SimplySave).

Yes.. As per sbi if u total credit card limit is 2x of ur annual salary then u r over leveraged … also if u have multiple cc from same bank .. though u have shared limit .. banks report as separate limit for each card in cibil My actual limit on all cards is around 70L . But as per cibil my...

No we really don't take a lot of credit cards. He just had sapphiro + axismyzone credit card during that time.

Over leveraged mean u got too many credit cards with too much limit. All my card applications getting rejected due to this. I got like 20 credit cards.

are you an exsiting YES bank customer ? Are you a over-leveraged customer?

800+. Showed decrease of credit limit from rs 4.8L to Rs 10k. 😩

-serviceable location: Mumbai - not over leverage (HSBC consider this): what is this? - >750 CIBIL score: Complied - 3 or less enquiries in last 3 months: Complied - no payment delays reported in CIBIL: Complied - salaried: Complied

Most likely will be rejected due to over leverage.. your total reported CL to CIBIL is: 8.6L ( including doubling of ICICI cards ie. 1.2L + 1.6L + 2.9L + 2.9L). your ITR = 4.5L so in this case, your total CL is almost 2* ITR.. In the eyes of SBI, it will most likely be the case of Over...