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The number of personal loan defaulters are raising now. Why the calculated personal loan fails. How to avoid listed in CIBIL, if we are about to default our personal loan. Few hypothesis about personal loan defaulting are discussed here.

Personal loan should not be defau

NPA stands for Non Performing Asset.

Are you listed in CIBIL defaulter list? If so, do not get panic. Listed as defaulter is not so serious like NPA. Many do not aware of NPA. Defaulter status does not eliminate your chances to get next loans completely.

Even if y

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CIBIL defaulter list should not include secured loan defaulters.

Secured loan is get by pledging some property or bonds as assurance to repayment. Here the repayment is guaranteed in anyway. If the debtor

CIBIL may have listed your name in defaulters list based on flimsy complaints from Private Banks.

Recently I tried to get a personal loan from HDFC bank. I submitted all the required papers. Few days later , I was informed as my application was rejected as I name was listed in CIBIL defa