I applied for a personal Loan in December 2011, and 19th Jan 2012 I got a letter from bank saying its rejected due to internal criteria.
I asked for more details like why it got rejected but no response from their side. I am a salaried personal and earn 75 K per month. I got 4 CC and their is no due pending in all 4 CC. Always ensured payment is done well before due date. And I applied for Personal loan cos I wanted to do varnish my house plus I wanted to buy a pure teak wood bed worth rs.80 K, hence applied for 2 lac loan. I have a home loan and their is no due till now.
And it all started like this, I have a friend working with HDFC bank and he told me as your 1 month house loan emi is defaulted hence loan rejected. This was surprise cos I informed my home loan bank well in advance that for December 2011 emi I will pay along with jan 2012 emi and told the reason also bank agreed upon same.
As of now I have cleared my home loan till feb 2012.
So how can a bank judge a person like this, in letter its stated as per internal criteria your loan application is rejected. Also when they have pulled my cibil data my score would have gone down cos its how cibil works.
Really pathetic judgement by bank people, and they have missed a prospective client that’s what I will say. Now I get call from icic bank for personal loan but now I am not going cos I have arragned money on my own.
Rgds
Vijay