Can I get a personal loan again after 6 months of closing my current personal loan ?

POSTED BY sundaravadivel ON June 15, 2014 8:13 am COMMENTS (14)

Dear Sir/madam

I have taken loan from HDFC Bank on 2012, i am paying Emi monthly, i have Bounced some Emi on this current loan,But maximum 2 to 3 days repaid the Emi, still I am having only 6 months to pay, After that can i get loan again,

I am eligible for get loan again. please some one explained about this, I have checked CIBIL Score mine is 794

Please give me some answer for this, Thanks

14 replies on this article “Can I get a personal loan again after 6 months of closing my current personal loan ?”

  1. sundaravadivel says:

    many thanks for you this reply, little bit i am happy now

  2. Hemanth Chandra says:

    if you pay correctly the emi of present loan it will be good for you and your cibil score might even improve….. 🙂 So pay regularly….

    1. sundaravadivel says:

      I will pay regularly remaining emis, after that HDFC bank will put on me as a defaulter?

      Please tell me what is the defaulter, after this loan finished what is the status for me in cibil?

      1. Hemanth Chandra says:

        As per my knowledge, Defaulter is someone who doesn’t pay the EMI….. If you pay the EMI why will they keep you as defaulter…..

        1. sundaravadivel says:

          yesterday i have checked my dpd for my personal loan totaly i have bounced 9 emis, but i have repaid within 3days. I have checked my cibil report also inthat all before 36 months dpd status is “000” that means payment maid by on time,

          after finishing loan maybe bank will put any settled or written off, Pleas explain about this

          1. Hemanth Chandra says:

            Am not sure on this…. really sorry 🙁

  3. Hemanth Chandra says:

    I think you will get again the loan as your score is fine. Please pay the remaining EMIs in time so that your CIBIL score will not be reduced from present score.

    1. sundaravadivel says:

      thanks for your answer , I will pay remaining emi’s on time, i have another question, if i apply personal loan now different bank, can i get loan

      1. Hemanth Chandra says:

        I think you can get as your score is fine. But, my sincere advice is to close the existing loan and then apply for a new loan.

        1. sundaravadivel says:

          Please suggest me which bank is best for personal loan,

          1. Hemanth Chandra says:

            All the banks are almost same….take from one with which you have a relationship….

            As you mentioned earlier, you already have a loan with HDFC…. have you closed it ?? what is the interest on it ??

            1. sundaravadivel says:

              No Still exiting loan is not closed still 4 months emi is there, but I have bounced 8 times on my Emi, i think they will not give me loan again Personal Loan, interest rate is 16.99%,

              Now i am planning to new bank for personal loan and i will bay my emi regularly ,After this personal loan complete, i am planning to go ome loan also, for that only which bank i need to apply personal loan.

            2. Hemanth Chandra says:

              Please close the existing loan.

              Check the CIBIL score again after closing it….

              Your bouncing of EMI will affect your credit score….

              For next loan, take from a bank which is ready to give you and you are ok with the interest…..

            3. sundaravadivel says:

              before month only I have checked my cibil score it was 794, If I pay regularly my remaining emi affect my cibil.

              after close this loan paying regularly my cibil will affect?

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