Axis Bank — Home Loan Rejected Due to Absolute Mismanagement | |||
I had applied for an Home Loan through Axis Bank(Secunderabad S.P road Hyderabad A.P) last month for couple of reasons : Firstly , the seller of the Flat had an existing loan with Axis Bank and secondly My salary account was also through Axis Bank. I thought this would really make things easier. I have an absolute clean record with Loan settlements and credit defaults.My eligibility was quite above the requested amount. This made me absolute confident that my loan would sail through and completed rest of the formalities with the seller. To my absolute astonishment I got no response from the bank for close to 10 days wherein I was suppose to get a response within 3 days as promised by the Axis Bank Agent(Ashish). When contacted I get another shocker that my loan actually got rejected and reason stated by the agent was that my CBIL score was around 300 which was extremely low. I was really in great shock and disappointed as now a days even organizations are verifying for a good CBIL score to offer any job opportunities. I started getting multiple communications from AXIS bank that by loan got rejected - on SMS, on E-Mails on my co applicants number,email, to my physical address... This really made my annnoyed and I decided to apply to CBIL to get a detailed CBIL report to see where did I go wrong. When I did get my CBIL score I was extremely happy as my score was 730 + which is considered good. When I contacted the bank sales manager & Agent , even they were surprised and said such mishaps are common and could be due to some negligence. This incident taught me the greates lesson in life - NEVER DEAL WITH AXIS BANK. Well, after all this I lost the opportunity to buy my dream flat - courtesy Axis Bank. My Application ID was : [protected]. I heard I could sue the bank for losing out on an opportunity equilant to the flat price. Not sure. Thank you. Terrence charles Was this information helpful? | |||
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