You can be denied an Instant Loan if you fail to meet the required eligibility criteria like:
Age Criteria: If you are a salaried employee and your age is not between 21 to 60 days or you are self-employed and age is not between 25 & 65 then your Instant Loan application can be denied.
Employment Stability: If you are a salaried person and your work experience in the current profession is not more than 2 years, or if you a self-employed and your total tenure of earning is less than 5 years then also your Instant Loan application will be denied.
Credit Score: Your credit rating holds a lot of value. It reflects your financial borrowing history and their repayments. So if you are having a bad credit history then you will be denied for Instant Loan.
Monthly Income: If your monthly income is less than ₹20,000 then also you will be denied an instant loan.