Does Cigna own EmblemHealth?
Whether CIMB Bank contacts an employer during the loan or credit card application process depends on the specific product being applied for and the bank's internal risk assessment protocols. For products like personal loans or credit cards, the bank typically requires proof of employment, such as recent payslips, an employment letter, or bank statements showing regular salary credits. While the bank does not necessarily "visit" an employer, it is standard practice in the banking industry for institutions to perform verification calls to the human resources department or the company’s listed office number to confirm the applicant's employment status, tenure, and salary details. This process is a routine part of the bank's "know your customer" (KYC) and underwriting procedures to mitigate financial risk. If you are concerned about privacy, be aware that these verification calls are standard and are handled by the bank's credit operations department.
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