Why do home loans get rejected even with 700+ CIBIL scores?
A high CIBIL score can help in getting home loan, but lenders may still reject application even if score is above 700. According to Adhil Shetty, CEO of BankBazaar, banks also check a borrower's minimum income level and overall stability. He added, frequent job changes, long employment gaps, or business losses can make applicants appear risky and lead to rejection.