How do I find my loan defaulter list?

How do I find my loan defaulter list?

1. How can I check my name in the CIBIL™ defaulters’ list? To check if your credit report reflects a payment default, you must go to the official CIBIL™ website and download the report. For a detailed CIBIL™ report, you have to pay the fees as stated on the website.

What is defaulter list?

There is nothing called a Defaulter List or Negative List. Banks and credit institutions report repayment performance on loans and credit card dues to the Credit Information Companies. Such data will include both prompt payments made and defaulted payments made.

Who is a Wilful defaulter?

A person or a company is termed as a “wilful defaulter” in any of the four circumstances given below: When the borrower (individual or company) defaults on their payment obligation, even when it has the capacity to honor the said obligations. There is a deliberate intention of not repaying the loan.

How can I check my PAN status?

Status of PAN – NSDL​​

  1. Option I Track on basis of Acknowledgement Number.
  2. Step – 1. Visit
  3. Step – 2. Select ” PAN-New/Change Request” from drop-down menu in “Application Type” option.
  4. Step – 3. Enter your Acknowledgement Number and click on “Submit” button.

How do I find my loan details?

How to Check your Personal Loan Status Through Customer Service. The customer service department of the lender can also help you track the status of your loan application. You may either call or email the customer service department to track the status of your loan.

Can a defaulter get loan?

It is not easy for CIBIL defaulters to avail loan from banks and lending institutions. The chances of getting a loan approval are low in case you are a consistent defaulter. However, people can still get a personal loan despite having a low CIBIL score.

What is RBI defaulters list?

Many of the names on the list are well known – Gitanjali Gems, Rotomac Global, Zoom Developers, Deccan Chronicle Holdings, Winsome Diamonds, REI Agro, Siddhi Vinayak Logistics and Kudos Chemie.

Will full defaulter punishment?

Companies Act, 2013 – Section 447 and 448 would be applicable to wilful defaulters. S. 447 says someone found guilty of fraud shall be punishable with imprisonment of six months which can extend up to ten years, or with a fine three times more than the amount involved in the fraud or with both.

What is the defaulter list and how does it work?

The purpose of introducing the defaulter list was to keep other entities in the loop and ensure they don’t issue loans or credit to defaulters. If you have defaulted on your loan, your bank or financial institution will file a complaint to a court, which leads to a lawsuit. This is so the bank or FI you have borrowed from seeks economic relief.

How do banks check the list of wilful defaulters in India?

All banks and institutions deposit the list of wilful defaulters (suit-filed accounts) ending every quarter to Credit Information Bureau (India) Ltd (CIBIL). The credit agency (CIBIL) maintains a loan defaulter list where in it mentions the details about the defaulter.

Is the wilful defaulter list open to the public?

Only a certain portion of the database is open to the public, which is the wilful defaulter list and defaulters of Rs.1 crore and above. The purpose of introducing the defaulter list was to keep other entities in the loop and ensure they don’t issue loans or credit to defaulters.

What is a loan defaulter list and how is it maintained?

The purpose of maintaining a loan defaulter list is to issue an alert against entities who have defaulted so that no other bank or financial institute issues credit to them anymore. In fact banks and financial institutions also share the names of current and earlier directors of the defaulters’ unit.