Why is my Loan Application rejected?

Why is my Loan Application rejected?

There can be multiple reasons for rejection. It may be one of the following:
  1. You may not be eligible as per our platform criteria.
  2. You may have failed to furnish all valid supporting documents.
  3. You are not satisfied with the loan offer (Not clear)

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      Availing a personal loan is quick and easy with 5paisa P2P. We take less than 24 hours to process your loan application and once approved, the loan amount is deposited in your bank account the same day.
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      You can take a personal loan in just four simple steps. They are as follows: Register online and create an account Upload required documents Accept loan agreement Loan gets disbursed in your bank account
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      At 5paisa P2P, we use a very robust credit evaluation model which takes into account different parameters such as credit score, open loans, repayment history, income in hand, among others, to decide your creditworthiness and loan eligibility.
    • What are the fees and charges applicable for personal loan?

      The only fee applicable is a processing fee in the range of 2.5% to 4.5% on the approved loan amount on 5paisa P2P platform