Before you proceed…

Top 5 Reasons Loans Don’t Get Approved

We do everything we can to match you with the lender most likely to approve you — but some factors are outside our control. Based on our data, these are the top reasons applications are declined:

  • Dishonours on bank statements – 33%

  • Repeat or incomplete applications – 24%

  • Poor credit history – 20%

  • Low or unstable income – 18%

  • Overall high risk – 16%

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