Date: 2008-08-13 08:30:35
Query : I recently needed a personal loan. I have applied to a bank and the representative told me that there is a problem with "sibil". I cant recall any default on my part to any bank. so how does my name appear in that sibil? and how should I know what is the problem and how should I clear my name from that sibil entry? It is not possible form me to rectify unless I know my mistake. Are there any ways to solve my problem? pl. help me.
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Date: 2008-08-13 14:50:05
Message:
If you have not defaulted on any previous or ongoing loans, then ask for the reason as to why your loan has been rejected. The bank should be able to give a clarification.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-08-14 21:02:54
Message:
i could know from the bank man that there is an entry in cibil in regard to a credit card in 2004 and that is the reason for not sanctioning the loan. i ahve settled several cards on mutual settlement after using them. the bank man is unable to tell which bank and what is the amount. how should i know these details from cibil to approach that particular bank. pl. help me.
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Date: 2008-08-19 12:55:06
Message:
CIBIL does not disclose the report to anyone except to the bank itself. Since you have done settlements on your cards your name would be reflecting in CIBIL.However if you intend to take a loan you can try and approach nationalised banks as they normally do not refer to CIBIL.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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City : Hyderabad
Employment Status : Salaried
Annual Income : 250000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 3415
Tenure : 36
ROI Loan : Yes
EMI Paid : more than 12 months
Credit Card Holder : Yes
Amount Due : 50000
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned : 2 Wheeler