State Bank Of India Ranked #1 of 1 Loan Companies

4.5 from 2 reviews

Telephone 1:
Telephone 2:
Website:

Reviews

Loading...
index.jpg

Members Viewing

  1. Shri1972

    Shri1972 Amatore

    Messages:
    94
    Pune
    SBI Car Loan experience

    Hello Friends,

    Need some information.

    I have applied for loan to buy a Linea. I have submitted all the documents to SBI through the dealer. I do not have any other loan nor any CC outstanding . However I was informed that I need to submit NOC from credit card company as the CIBIL report indicates a settlement in the past. While I do not recollect any such instance but have no option than to submit it.
    Can anyone advise the procedure for obtaining the NOC from CC company ?


    Shrinivas Patil

    Sent from my iPhone using Tapatalk
  2. shams

    shams Esperto

    Messages:
    2,388
    Bangalore
    Hi Shrinivas, I hope atleast you remember which credit card company. If you do, then call up their customer care and ask. if not then ask for the CIBIL report from SBI and find out. If they dont share then find it out yourself from www.cibil.com. you will have to pay 470 for that.

    However, if the SBI is absolutely adamant for it then it would be better (WRT time ) to change the loan applicant if possible. maybe your spouse (i.e. if you are married) can become applicant and you can be co-applicant.
    Last edited: Nov 12, 2013
  3. Shri1972

    Shri1972 Amatore

    Messages:
    94
    Pune
    Thanks a lot !!! I will check further as advised.
  4. Shri1972

    Shri1972 Amatore

    Messages:
    94
    Pune
    SBI Car Loan experience

    Hi,

    During the loan search , had an occasion to drop at Central Bank. Central bank too offers lowest interest rates , 7 year re-payment tenure .
    Seems to be good option to try if SBI is adamant and bureaucratic .


    Shrinivas Patil

    Sent from my iPhone using Tapatalk
  5. Sujay

    Sujay Amatore

    Messages:
    61
    New Delhi
    I am not sure why they are asking for NOC if you didn’t have any settlement in your credit history. Recently I have bought Linea Tjet financed from SBI only. I have a CC settlement record shown on the CIBIL record and I informed the same to the field officer from SBI before the y started the loan processing. They asked me the settlement letter which was 2 year old and they were ok to proceed further. I got my loan sanctioned within 5 working days.
  6. Shri1972

    Shri1972 Amatore

    Messages:
    94
    Pune
    SBI Car Loan experience

    Thanks Sujay.
    I did not have direct interaction with the bank. The dealer representative is co-ordinating. I was informed that I have a credit card write-off remark in the CIBIL report. He informed me to get a NOC for this. The date of write -off is May, 2003. I told him that I do not recollect any such incident . Without knowing from whom the NOC has to be obtained, it is simply impossible task .
    I was also given to understand that the credit points are high enough.
    For this unresolving solution , finally decided to withdraw my loan application and take it up with other bank.


    Shrinivas Patil

    Sent from my iPhone using Tapatalk
  7. shams

    shams Esperto

    Messages:
    2,388
    Bangalore
    Cibil report is referred to by all the banks for approving loans. Theres a chance that all of them make an issue out of your problems. Nevertheless, you have to keep fingers crossed and try with others
  8. aruncep

    aruncep Amatore

    Messages:
    127
    Chennai
    For the time being to save time its fine if we go with some other bank. As a long term solution you should definitely get this Cibil report corrected. The best thing is to take a report by paying Rs.470/- and get to understand more about it like which bank and all. Try to get in touch with the bank so that we will get more clarity. If you feel that the entry in the Cibil report is not genuine then you can file a complaint with the Banking Ombudsman. I am sure they will direct the bank to give a solution for this issue.
  9. Shri1972

    Shri1972 Amatore

    Messages:
    94
    Pune
    SBI Car Loan experience

    Thanks.
    I have processed the payment for buying the CIBIL report.
    Should be receiving it by next week.


    Shrinivas Patil

    Sent from my iPhone using Tapatalk
  10. shams

    shams Esperto

    Messages:
    2,388
    Bangalore
    I remember having received it same day on email last year

Share This Page