Request for increase in loan amount after approval of applicationDiscrepancy in co-applicant’s information provided and documentsIf you settle your loan in any way apart from the terms on which you took the loan or pay after the due date, there will be a remark about it in your CIBIL report which will be taken as a negative mark on your application.
Your DTI ratio is high, making you incapable in the bank’s eyes to allocate another portion of your income to pay for your new loan. If the ratio of secured loans to unsecured loans is less, the chances of your new loan application being rejected is higher. Try and find out as much information as you can about the loan you are applying for i.e. the interest rates, processing charges, repayment methods etc.