They aren’t issuing loans to people who aren’t requesting them, there is more to the story. IDFC Bank has partnered with both Flipkart and Amazon for their Pay Later service, as a result when a customer opens a Pay Later account with one of these companies they are issued a credit line which shows up on the CIBIL report even if it’s not being used. Most folks don’t realize that this pay later service from Amazon or FK is actually offered by IDFC and get confused when they see IDFC on their CIBIL reports. Most of the complaints on social media are about this and not about getting unsolicited loans say like personal loans etc. Infact if you goto the IDFC Bank website and are a new customer you will see its not so easy to get something like a personal loan without going through a detailed vetting process.
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