Need A Financial Product Forums Loans Will education loan default be reflected in my CIBIL score

This topic contains 1 reply, has 2 voices, and was last updated by  Narayan Singh 2 years, 4 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47960

    I borrowed education loan from Punjab National Bank. I have completed my studies and have started working as well. But somehow, I couldn’t pay last 5 EMIs. Now, I need a personal loan. Will my default status on education loan have a bearing on CIBIL score? Can my application for personal loan be impacted due to default in education loan?

    #47961

    Definitely an education loan default will be shown in CIBIL report and score and it will certainly have an adverse impact on your personal loan application. First pay your education loan completely and then think of borrowing any other loan.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com