Aviral Technology is sending mailers allegedly on behalf of HDFC Bank that says there is no minimum credit score requirement for availing loan once you check personal loan eligibility. This turns out to be blatant mis-selling

As if mis-selling products other than banking was not enough, here is a bizarre example of luring people under the pretext of giving "funds immediately". Aviral Technology is sending (spam) mailers on behalf of HDFC Bank with a catchy subject line, "Personal Loan eligibility in 1 minute". What is more shocking is the mailer pretends to offer immediate loan that does not have minimum credit score requirement.

The links given in the mailer redirects the receiver to HDFCBankSmartApply.com, a site owned by the Bank. This page, however, mandates the person to share all his details, like home address, salary, years in employment (business). In addition, unless you accept a condition, to "authorise HDFC Bank & its representatives to call me or SMS me with reference to my application. This consent will override any registration for DNC / NDNC. Credit at the sole discretion of HDFC Bank", your application cannot go further.

Although, the mailer says, 'No minimum credit score requirement', when one check the terms and conditions, the reality emerges. It says, "I/ We authorize HDFC Bank Ltd to make any enquiries with any other finance company/ bank/ registered credit bureau regarding my credit history with them & also authorize HDFC Bank Ltd. to provide details of my credit history to any other bank/ finance company/ registered credit bureau."

So no escape from credit score, but then you may have already provided all your details to the lender and may possibly face a barrage of marketing efforts from them.

Our mails sent to top officials from HDFC Bank remained unanswered till writing this story. We would incorporate their comment as and when we receive it.

Coming back to the mailer, it offers benefits like customised offer for corporate employees, loan up to Rs25 lakh-disbursal in 2 days, no minimum credit score requirement and special offers for working women, if you check you eligibility in a minute. This is nothing but a marketing gimmick, as filling the form itself takes more than five minutes. In addition, the fast track processing is available only for HDFC Bank salary account holders for select corporates in Mumbai, Delhi, Hyderabad, Chennai, Pune and Bangalore.

Another interesting aspect is several people are receiving these mailers from Aviral Technology who shies away from sharing any information about itself over the Internet. The links provided for unsubscribing redirects you to another domain, snipentertainment.net that is related with Netcore Solutions Pvt Ltd, a mass email and SMS services provider. Even the name servers of snipentertainment.net are from netcore.co.in, who according to Who.is database has also provided registration services.