My salary Account is with Industrial Area, Phase 1 branch, Chandigarh. I got email from HDFC bank that they are running special scheme for personal loan for corporate employee.I applied for personal loan of 1 lac(my salary is > 50, 000 pm) in the same branch in which I have my salary account.
They collected my salary slips of past 6 months, ITR copies, Office ID card, ID Proof, PAN Card copy. Next day, in person verification was completed at my residence. Within 2 days, I received around 6 verification calls asking the same questions.They told me that loan will get processed in 3-4 days .
I waited for a week and then visited branch and was told that loan application has been rejected due to salary issues. I got it rechecked since I have submitted my valid and proper salary slips n other docs. Manager rechecked and found out the issue with his staff. He apologized and told me that they will issues Pre approved loan within next few hours and you will get the amount by EOD.
Here I am writing this review waiting for their EOD even after 2 more weeks has been passed. To HDFC Bank: If you dont have process / people/ skill set/ infrastructure to provide loan, then please dont advertise.
PS: Later I checked and found that HDFC Personal loan is most costly loan available with interest rate of 17.99%. Also HDFC Bank charge pre payment penalty which I think no govt bank charges.
Regards.
Ankush
9988812479