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What is the basis on which a pre-approved loan is sanctioned to the applicant?

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What is the basis on which a pre-approved loan is sanctioned to the applicant?

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Post submission of loan details and contact details online, a credit appraisal as per the credit policy of ICICI Bank Ltd. is carried out. If the application is approved, a sales executive will establish contact with you to collect the pre & post sanction documents In case the application is declined, a letter informing the same will be sent to you by ICICI Bank Ltd.

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