Hi All,
This is my question just to get clarification which happened to me in past. I had a personal loan 4 yrs before and totally 60 EMIs i have to pay. i failed to pay 44th EMI since i lost my job but i requested my bank to give me grace period and i have paid the EMI by next month. but i was not aware of bounce charges and even i was not informed by bank to pay it. They informed only my EMI amount to pay.
Now i applied for another loan to balance transfer of my previous loan. But my loan application got rejected by the some bank which i have my previous loan due to bounce charges that effected in CIBIL. I have paid the bounce charges too and still they dint give personal loan and making fool of me in name of CIBIL. i am having 10 yrs of my salary account with a bank and i have my credit card with the same bank and i never failed to pay my credit card bill even when i was jobless.. for existing customer also they rejected my loan since i failed to pay 2400 Rs as bounce charges.
Is this a valid reason ? i hope CIBIL is not a final judgement they should see the value of customer towards the bank also..
one more thing my last cheque bounce was a year before and now i paid the bounce charges which i was not aware of 2400 Rs and i paid last month after applying new loan.
I know very well after all the bank policies manager can approve.. in such a way i got loan from another bank..
