#1  
19th December 2013, 06:22 PM
Unregistered
Guest
 
Posts: n/a

If a personal loan is taken for education purpose and not repayed within 90 days in what category it will be kept?


About different categories of loan. If a personal loan is taken and not repay within 90 days in what category it will be kept? if I use it for education purpose rather personal use.




  #2  
11th January 2014, 12:18 PM
ChakrabortyP
Senior Member++++
 
Join Date: Dec 2013
Posts: 2,098
Default Re: If a personal loan is taken for education purpose and not repayed within 90 days in what category it will be kept?

In such a situation, bank will report the issue to the Credit Information Bureau (India) or CIBIL. CIBIL helps the various banks to develop information about various borrower’s credit history. In case of repayment of education loan, basically it starts within six months of job and one year after the course is over. The term can be extended between five to seven years. The bank will wait for one to two months and after that will issue a notice and the loan guarantor will be contacted.
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Under which categories should I apply for GATE exam? I belong to OBC categories under UP but belong to general categories under Indian government 5 17th November 2016 03:33 PM
Can I get admission in college of engineering and Technology, Moradabad through UPTU rank? I have secured 13446 rank under general categories, 1299 rank under SC categories and 485 rank under SC girls categories in UPTU 3 12th July 2012 02:35 PM
Can I get admission in MBM, Jodhpur? I have secured 5449 rank under general categories, 1889 rank under OBC categories, 915 rank under female candidates and 215 rank under OBC female categories in RPET 1 17th June 2012 06:34 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
Please also check: