Search results for query: over leverage

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?

Stuck with MB+ for last 4 yrs😪

meri already overall limit 40L ki hai.. aur nahi badani..over leverage hojayega

this is the reason You are over leveraged as per SBI

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.

Thanks. Will go through the post.

Kaya kaam krte ho bhai 😂

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 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

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

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.