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What is the basis on which a Pre-approved* Loan / Credit Cards is sanctioned ?

April 26, 2017basis credit cards loan sanctioned

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What is the basis on which a Pre-approved* Loan / Credit Cards is sanctioned ?

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After the submission of loan details and contact details by you online, a credit check is carried out by the bank. If the application is approved, a sales executive will contact you to collect the pre and post sanction documents. If the application is declined, you would be intimated in writing through a letter.