Legal Question in Banking Law in India
If any loan account is sub-standard in cibil for 6 months and later becomes standard and closed status in cibil,we also received noc of loan from nbfc.
can we upgrade our previous status of loan as standard,if we are also willing to pay any amount required by nbfc against this loan.
this happens in our commercial cibil(cibil of our limited company)
Asked on 10/15/13, 9:49 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
16.10.2013
Dear Sir/ Madam,
CIBIL record is automatically updated once the loan is regular or settled based on the information CIBIL receives from the corresponding bank that has provided the loan. You should inform your bank to inform CIBIL that your loan status should be standard.
Regards,
Answered on 10/16/13, 7:29 am
Related Questions & Answers
-
How to decalre a person untraceable? How to say a company is not in existence? Asked 10/15/13, 5:07 am in India Banking Law
-
Property bought by my grandpa,my father inherited it from him, my father is said to... Asked 10/12/13, 9:24 am in India Banking Law
-
Is insufficient fund and effects not clear both are same ?In case of funds under... Asked 10/11/13, 1:26 am in India Banking Law
-
I have kept my FDR against vehicle loan for my friend. How can I take out the FDR?... Asked 10/10/13, 4:59 am in India Banking Law
-
Format for requesting opinion report of borrowers of other banks Asked 10/09/13, 9:31 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
