How a high debt-to-income ratio can lead to loan rejection & how to improve
Zee Business Video Team | Updated: November 14, 2024 07:30 PM IST
When applying for a loan, most people focus on maintaining a good CIBIL score. While the CIBIL score is crucial, banks also consider other factors before approving a loan. One such factor is the Debt-to-Income (DTI) Ratio, which can significantly influence your loan application. If your DTI ratio is high, the bank may reject your request, even if your CIBIL score is excellent. Many are unaware of this critical element. So, let’s break down what the DTI ratio is and why it matters.
