A lot has changed in the sector of availing loans. Nowadays, applying for a quick loan via personal loan apps is quite a simple process since the approval process of these apps is faster than traditional bank loans. Despite being so user-friendly and quick, there are a couple of things that can go wrong. Even if the personal loan app approves the loan on the same day of application, there might be a reason they reject it. Your personal loan can get rejected and you might have to re-apply for the loan all over again.