Hello Mr.Manish,
In 2006 due to my financial mismanagement, i had to face my business failure. During that period i had taken 3 personal loans on my name & 3 on my uncle’s name from different entities. After paying off almost half of the installments, i was unable to make payments on time due to my weak financial circumstances. After 2 yrs. of gap, i approached all the banks & finan. institutes from my end and settled down the loan amounts & paid off all the agreed amounts. Now, i want to settle down in the city where i am doing my present job and i shall have to take a home loan after 2.5 yrs., so whether i would be eligible for that home loan or i shall require to clear up the remaining amount also which is apart from the settled amount ? And after paying off all the loans to full, whether i would be considered eligible for home loan or i shall have to face difficulties in getting a home loan ?? And if i apply for a home loan in any local co-operative bank, will they be sending my application to cibil for credit review ?? Pls. guide.