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I have a pre-approved First Money loan of ₹6,00,000 on the IDFC FIRST Bank app. I applied for the full amount for 12 months without opting for the protection plan. The app showed “All done,” but later I received a call from customer care saying the application was declined by the system because I didn’t take the protection plan.
Has anyone successfully taken a First Money loan without the protection plan?
If yes, what loan amount/tenure and what worked for you?
If it got declined initially, did re-applying with a different amount/tenure help?
Someone posted about their First Money experience around 10 days ago—could you please share details?
Any insights on whether the protection plan is optional or practically mandatory in such cases would be really helpful.