New Delhi, July 10 -- It is common for two people earning almost the same monthly salary to apply for the same loan amount, only for one to get full approval while the other is sanctioned a lower amount or asked to wait. The difference often has little to do with salary alone. Instead, lenders look at your overall financial profile before making a decision.

Banks and other financial institutions consider several factors beyond income, including your existing loans, repayment history, job stability and overall financial discipline.

A good salary does not necessarily mean you can comfortably take on another EMI.

For instance, imagine two applicants earning the same monthly income. One is already repaying a car loan and carries a large cr...