Facing issue to get a loan?

Question

Hi sir, I Dattatray Ramchandra Kamble, I am a driver  I had taken a loan from Bank Due to some financial issue I couldn't pay the installment on time now I have cleared all loan amt and also I received NOC letter from bank but still my name has been reached at cibil.. Due to that I m not getting loan to buy my new rikshaw in any other bank... So plz this is my humble request to u plz remove my name from cibil as soon as possible so that I can buy a new rikshaw to survive .
 

Answer 1

Dear Dattatray,

At the outset, let me clarify that this site is designed by a group of senior Banking Professionals to assist Bank Customers at large to provide guidance for resolution of any complain/query/grievance in respect of financial services. This site does not belong to any Bank or a regulator, which may please be noted.

Your concern is understandable. At CIBIL credit history of individuals as reported by Member Credit Institutions is maintained.  You can check your credit history in detail and satisfy that there are no errors and discrepancies in the details reflecting against your name. If you find any errors you can take up with the bank concerned for rectification. But if the details are correct it is beyond the realm of your bank to change your credit history at CIBIL.

Banks may not reject a loan proposal merely because of one default which the borrower cleared to the satisfaction of the bank. The decision however,  to grant a loan is solely dependent on the credit policy of the Credit Institution. 

If you have a case, you can personally approach the concerned bank, explain and try to get whatever help the bank can render to repair your CIBIL record.

 

Regards

 

J R Mohandas