Search results for query: over leverage

I don't have policy number. TF posted here. But SBI will give reason of being over leveraged for declined applications.

Over leveraged/ highly leveraged.. Means your total sanctioned unsecured credit limit to your reported yearly income ratio is high.. If it is done internally with out any separate specific application then no worries. But if you have to apply from online / offline then high leverage could...

ok, it make sense.. but as far as I know the SBI is the only one which is taking this factor into consideration before approving an application. so, I suggest you not to reduce limit in your cards instead close the cards that you don't use often. If your utilization ratio is good there won't be...

assume you dont already have one.. https://www.technofino.in/community/search/5527618/?q=over+leverage&o=relevance anyway, ignore you're good in banks eye, those who impacted may worry about it.

will there be some more process after this or it is done now.. If still some process is left then my over-leverage will come in to play , I guess..

Yes, SBI is doing these days on over leverage. All banks reporting multiple card with shared limits also as separate accounts. But ICICI has a different pattern though.

SBI will say you’re over over over leveraged. 😂

...limit 15L one loan is going on from last three years with no late payment and my cards utilisation is 1% I am trying to apply from 2023 it's got instantly declined I tried for reason they told me your income is less then your liability (over leverage) I am not able to understand what should...

No matter what you do, once you cross their over leverage cut off , you wont get LE. If you cancel your existing card you wont get any new card from them..

So I shall apply SBI cashback card without being classified as over leveraged. 😂

Now shall I apply in the one card app or wiat for pre-approval.. just being cautious about my over-leveraged situtation.. Yes bank just now denied my 🥝 application.. ;)

Application got declined saying I am over-leveraged! I don't even have a loan or EMI! ☹️

I do have about 15+ cards, one of them is SBI. I applied for SBI CB and got denied with U2 error, over leveraged. Any idea what can be done...

...CIBIL check. On the other hand, in online application, CIBIL thing is automated & rejects customer instantly citing internal policy (over leveraged). What docs to send? I didn't see any mention of docs but you can attach income docs, address proof like aadhar or even C2C docs for better...

...principle nodal office and they will tell you the exact reason. if everything is ok with your profile then it may be rejected due to Over leveraged issue which is quite common with SBI nowadays. my application was also rejected then mailed to pno they said overleveraged, i tried to reduce...

SBI Cashback card is The King of all Cashback Cards as of now.. There will be Only ONE King...no alternatives to King.. Hence it is recommended to get this King at a very early stage of one's card portfolio before SBI decides that you are over-leveraged

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vintage criteria: age of account. they probably have some definition that >x yrs relationship is considered as vintage. IBL: not sure, but it could be inter bank liabilities. basically if you are considered over-leveraged basis your income per their standards.

Now a days increasing LE manually in SBI is tough if you already have more than 7-8 other bank cards with good limit. SBI will consider you over leverage & most probably decline LE request. Just keep trying in regular intervals by escalating request to Nodal.