HDFC bank has declined my personal loan application despite the fact that I maintain a very good credit history and excellent CIBIL scores apart from my salary account with bank for over four years. Bank should have checked my past payment history and other factors such as income. However, Instead of checking my good credit history, The bank choose to check my brothers credit history and declined my personal loan application. This reason given is grossly illogical, unfounded and inane. I have always ensured regular and timely re-payment of loans taken from any bank including HDFC which had earlier sanctioned me a Rs.40000 personal loan which has been repaid fully with out a default (Please check my past/present history with my salary account with your bank). As I am aware that my credit score will always play a very vital role in getting personal loan and not of my brothers or any family members credit history. With good credit score, lenders like HDFC bank should be more than happy to provide personal loan to good customers like me. I know that when an individual approaches a bank for credit the application will be evaluated my past payment history and other factors such as income and security and not my brothers or any other relative. I have a excellent CIR that reflects a good past payment history which should have been the criteria for the loan credit being granted. I would be more than happy to change my salary account with other bank for better customer service. Should you require any other details regarding this please do not hesitate to contact me on my mobile 9866600285 between 6.30 pm to 8 pm (weekdays) or from 9am onward on weekends.
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