Impact on cibil status
Surajit Biswas
(Querist) 06 August 2013
This query is : Resolved
I took education loan and did not able to complete the course. I want to close the account by paying whole principle and interest till the account cateorised a NPA. What will be the impact on CIBIL in this situation?
ajay sethi
(Expert) 06 August 2013
if you repay the loan in full and clear the bank dues it wont have any impact on your CIBIL status .
Rajendra K Goyal
(Expert) 06 August 2013
Agree, if principal and interest is paid, it will leave no adverse effect in CIBIL report.
Kumar Doab
(Expert) 06 August 2013
Obtain loan account statement from the bank, before paying the loan.
Make payment and obtain loan account statement from the bank,showing entry of the full payment and balance as NIL.
Obtain NOC from BM of the bank under seal and signature.
Ask the BM preferably thru letter to update closure to credit bureaus.
Obtain credit report from bank (RBI mandates a payment of Rs.50/, although bank shall be pleased to waive off in case of customer like you who pays in full)which is
issued by bank as generated from CIBIL.
It shall show all borrowings, payments,and delinquency if any...............
Raj Kumar Makkad
(Expert) 06 August 2013
If you clear your arrears after regularizing your NPA then there shall not be any negative impact.
