One week Back I got a mail from ICICI Bank that I have a Pre approved Loan (CAR LOAN, TWO-WHEELER LOAN, PERSONNEL LOAN ).The reason given was As you have completed a 6 month relationship with us we are approving you a Loan with less interest rest and without security deposit, the range for Personnel loan was between 20, 000 to 1, 50, 000, and within 30 Minutes. And the criteria was your age should be at least 21 years.
So yesterday I went to ICICI Bank and told them that in my account number there is a per approved Loan and I want to take that Personnel loan of rs 20, 000. What they told to me is :
You should have a Present address Proff.
You Should have company appointment letter.
Previous employer releaving letter.
Passport Copy. etc etc
And the Important thing was your age should be min of 25 years....
I told them that this is my first company. So I have the joining letter but don’t have releaving letter and I explained them that I have just completed 22 years. What they told me that Sir its very difficult for you to take personnel loan.
I Told them that I have pre approved loan then also he was not aggreed.
Then finally I asked them that what will be the Interest Rate........They told me it will be around 17 %.
I was shocked....Then I thought its better to Leave the plan of taking Loan. And I left the Bank....