Search results for query: over leverage

90% chance you are over leveraged acc to SBI

Even twice can be too much, sbi is very conservative with limits, and very oversensitive to overleverage

Can one be overleveraged even when his total credit limit is less than the annual income??

There are constantly ads of it in the app, does that mean it's being "offered". How to figure that out

Please share email ID of SBI for reconsideration

If you already have a credit score then start with SBI cashback before you get tag of over leveraged. Then apply Yes Kiwi card. For utilities you can get RuPay Platinum debit card from your bank or if not possible then Axis Bank Airtel card if you have airtel sim. If you are in metro city then...

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

...miss is this : ITR shows the ANNUAL INCOME.. Divide it by 12 to get MONTHLY INCOME. CC limit indicate the MONTHLY USAGE LIMIT. PER CARD. If you have 6-8 cards, add all the limits to get the MAX MONTHLY USAGE LIMIT. Decide for yourself Whether you are over leveraged or...

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 ...

Not sure but your total credit limit could be less than 10 times your annual income. If your income is 10L, then keep the total credit limit at 1cr. Some banks don't issue credit card if you are over leveraged. It's just like taking an unused overdraft loan. No harm, but no use also.

Bro! I am offered SimlySavs and BPLC in all Networks (Rupay is FYF). These are all pre approved. Have you got any?

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.

It's a common reason in SBI, you may try after closing unnecessary cards. But If it was me then I will consider keeping my existing cards

Yes you must take SBI CC in your initial days only

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