Recently, one of the visitor of this site, requested for personal loan in Axis bank, he had a salary account in same bank and having loan capacity. But surprising bank denied him a personal loan. He live in Mira Road.
Story like this are common. Few area in Mira Road are fully or partially are marked as blacklisted or negative area by banks.
This means if you are looking for loan and you live in these area then your loan application will be straight way rejected. No matter how good CIBIL record you have. This area includes Shanti Nagar (near about all sectors), Naya Nagar, Sheetal Nagar etc
Honestly speaking, if you are holding salary account and are having good track record in CIBIL and paying your existing EMI, then bank should denied you any loan? How you will tackle with this problem?
Share your experience with us.
Update:
Recently, Bajaj Finance denied a person loan to a person living in Naya Nagar, Mira Road, despite that person is having very good CIBIL score.