|
#1
19th December 2013, 07:22 PM
|
|||
|
|||
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, 01:18 PM
|
|||
|
|||
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.
|
|
|
Education and Career Forum
