High credit score, 24 lakh salary, but home loan denied: reasons explored

A salaried professional boasting a <b>750 credit score</b> and a <b>Rs 24 lakh annual income</b> was turned down for a home loan, raising eyebrows across the banking corridor. Banks cite missing documentation or high LTV ratios, but the real culprit is a labyrinth of outdated underwriting norms, bureaucratic inertia, and opaque risk‑weight calculations that favour larger corporate clients over individual earners, penalising even credit‑worthy borrowers. The deadlock leaves aspirants renting longer, stalling the housing market’s recovery.