Will this rejection affect my credit score?

Modified on Thu, 14 May at 4:03 PM

                                                               Read in Hindi

No, a loan rejection does not affect your credit score.

Your credit profile is impacted only by:

  • Actual borrowing
  • Repayment behaviour
  • Defaults
  • Delays

You can reapply after 30 days from the date of rejection, once your eligibility improves.