Search results for query: over leverage

My cibil reported income is 400 crore

Well, I don't think so. Spoke to one of the SBI agent who was assigned my application and she told it's more of this non-serviceable on Aadhar thing that is creating an issue for approval or rather the discrepancy on address as I mentioned earlier.

What is "CTC"? .

Even I have heard someone mentioning this but how can one can say this without looking at some ITR which isn't linked right on our cibil.

Bob also card business separate but they offer good limits…

Do you have any other SBI card? If yes, they will split the limit from the existing SBI card.

I have 45 L ITR, Govt sector. Have 2 SBI cards Vistara & SimplyClick with 3 L & 4 L. Got this purely on cibil basis earlier. Have salary account with SBI. Now they don't even increase CL due to internal policy or over leverage even after submitting all income documents.

Yess, I am facing this issue due to which, HDFC and SBI have rejected my CLI request infinity times even after sharing 10L ITR. Due to 4 axis cards reporting in CIBIL, it shows 9L, which is completely over-leveraged.

Happened to me today. SBI rejected Octane card application citing over-leverage. Thinking of closing some cards and requesting for limit reduction in others.

Overleverage is not the issue here. Already closed some unused cards recently. While applying I faced technical difficulties before completing all the steps I was displayed unable to process but a Cibil Hit was done instantly. Let's see I send my documents with the email if they reconsider or...

no i can't use my limit only 10-15k monthly spend

My brother and his friend have done in the beginning of the credit card journey. before this over leverage option comes in. They got their 3rd card approved with meagre 10k limit, so they transferred some limit later.

So if you have too much unsecured loan (credit cards, personal loans) that exceed a multiple of your income (1.5x, 2x depending on the bank) they can deny you new credit saying you are over-leveraged to be in-line with latest RBI guidelines. One of the methods to reduce leverage is to reduce...

Over leverage . .

...insisting reason for rejection is over-leverage. According to CIBIL my income is 6L and CL is 28L or 4x. That is the very definition of over leverage by SBI Card... And they have never asked me for any income docs so how do they know what my income is? If not income I don't understand why...

you cant not get any SBI card unless you decrease your debt to Income ratio.. 1). either increase your income or 2) decrease your unsecured debt (ie. total Credit limit on all your CCs/ personal loans etc).. or 3) Both

agree. i can consider myself lucky only. just wanted to point out hsbc does overlook overleverage in some cases.

SBI is SBI. I will not close SBI card as I know I will not be getting a new card due to over leverage issue. Last time, when I had raised the issue to RBI ombudsman. A lady called and explained me that you have outstanding home loan of more than your salary, so it is also considered as over...

Aurum will be sourced only to Metro cities?

I am unaware of my limit as of now. Have just received approval message; nothing else. Will update the limit in my original post once I receive the card or once it reflects in SBI app