I'm used to banks offering loans. I usually get calls/emails/letters offering relatively minor loans ($10,000-$100,000) on a fairly regular basis. Their frequency increases around tax time.
Recently, about 3 weeks ago, I got a call from Standard Chartered telling me that I've been pre-approved for a loan up to $800,000.
I immediately smelled a rat/scam coming along as I've never heard of such a thing in all my time in HongKong. The fact that we are still in a credit crunch got me thinking this must be a scam of some kind.
So I looked, checked, enquired and turns out the whole thing is legit.
The finance charges are high (in the range of 5-6% APR) but the money is available with very few strings attached.
Alas, I dont need a loan so I wont take them up on this but I was curious if others have had similar offers.
HC