By Admin 
- Fintech CEO Praveen Jadhav’s home loan application was rejected.
- The bank considered him ‘high risk’ as a founder.
- Application rejected despite high CIBIL score, deep bank relationship.
- Banks consider founders risky due to unstable income.
Home Loan: In today’s time, getting a home loan is not a big deal. If you are well known in the bank and have a good credit history then the work becomes even easier. But things are not the same for everyone. Many times, even if your CIBIL score is excellent, the bank may refuse to give you a loan. Something similar happened with Pravin Jadhav, CEO of fintech company Raise Financial Services. His CIBIL score is above 800, the valuation of the company is also equal to Rs 10000 crore. Despite this, the rejection of his loan application is really shocking. The CEO has also shared his pain on this by sharing a post on X.
CEO vents pain on social media
In a post on X on Wednesday, Jadhav wrote that a big private bank rejected his home loan application just because he is a founder. He also told that this is the same bank which has honored him as one of the top fintech innovators of the country. The CEO further said, “They can give loans to the people working in our company, but not to me – because as a founder, I fall in the ‘high risk’ category.” He further said that he has been associated with that bank for more than 25 years and he believes that he is among the top 0.1% of the customers of the bank in terms of assets. According to Praveen, his relationship with the bank is 5-6 times more than the value of the loan. Not only this, his CIBIL score is also more than 800, which is considered quite good.
Founder’s life is hard!
My home loan application got rejected by a top private bank – just because I am a founder.
> 25 years+ of customer
> ~800 CIBIL Score
> 5x-6x of loan value in relationship with this bank
> may be in top 0.1% of its customers by assets
>and irony is this…— pj (@BeingPractical) July 14, 2026
Why do banks consider founders ‘high risk’?
Banks consider it risky to give loans to startup founders and entrepreneurs because they do not have any fixed or guaranteed salary. On top of that, their income also keeps going up and down. In such a situation, the bank fears that their EMI might sink, hence banks generally shy away from giving them loan.
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