Why are banks rejecting my loan applications?
So, you got the dreaded replies from banks or other financial institutions stating that your loan applications were rejected. They refused to tell you why they rejected your loan applications. You've no idea what went wrong.
The reason is simple: each bank has their own credit risk grading criteria when it comes to loan approvals. In a business loan application assessment, there are over 50 factors used to determine your company or personal risk grading and loan approval rates.
Besides the above, do you know that there are a few killer factors that will cause your loan applications to be rejected instantly, regardless of how high your income tax is, or how good your credit rating is? If your loan applications got rejected and you think that everything on your financials looks good, these hidden killer factors might be the reasons.
If you want to find out why your loan applications got rejected, contact or WhatsApp us @ 8785 7528 for a free assessment. We'll help you to analyse which of the 50+ factors caused your loan applications to be rejected, and how we can help you to reduce the impact of those obstacles and to increase your loan approval rate.