Tip Tuesdays: Did You Know that Your Bank Should Compulsorily Tell You — in Writing — Why Your Loan/Credit Card Application was Rejected?
I’d written about this before, but felt it important to bring up again. According to the Reserve Bank of India’s Guidelines on Fair Practices Code for Lenders, Banks and Financial Institutions should convey in writing the main reason(s) which, in the opinion of the Bank or Financial Institution have led to rejection of the loan […]