About top up loan - home loan a. C no. XXXXXXXXXX8554?

Question

My name is Ajit Agarkar and applied for TOP up loan amount 6 lacs only in Ganeshhind branch Pune. ( Form filled up by Ganesh and rejected by Navin S) I am paying my EMI on time and my civil score is 780 points. My salary is 92000 net, still not getting topup loan. You team says because of technical reason, case is rejected. with this reason I am not convinced. Please look into it, otherwise I and going to transfer my home loan to other banks, which give me facility of topup loan

Regards, 
Ajit Agarkar

Answer 1

Dear Ajit,

At the outset, let me clarify that this site is designed by a group of senior Banking Professionals to assist Bank Customers at large to provide guidance for resolution of any complain/query/grievance in respect of financial services. This site does not belong to any Bank or a regulator, which may please be noted.

Granting of loans including top up loans is entirely at the discretion of the lender. Banks follow own norms and criteria while considering credit proposals. The bank would have surely factored your credit history and track record before deciding against granting top up loan. But you can certainly ask for the reason for not considering your application. Banks are bound to tell reason for rejecting a credit application.

The bank's unwillingness to disclose the reason for not considering your application would indicate lack of confidence. You may take a call accordingly.

Regards

 

J R Mohandas