SBI ENCASH LOAN EFFECTS MY CIBIL SCORE VERY BADLY 😞

[hulk005]

SBI simply click credit card pe encash option me mene 70000 loan liya tha 24 months tenure he lekin kal Mera cibil score update hua 30 points down ho gya bol rha he 100% credit card utilisation hogya lekin Mera credit card k balance mene use nhi Kiya he sirf Mera encash ka loan chal rha he ayse to 24 months me Mera cibil zero ho jayega.....

Abhi me kya Karu???? I really need a genuine solution please help me Mera SBI ENCASH loan ka effect sbi credit card k utilisation pe kyu par rha he ? Mujhe to 250000 lakh ka encash loan Mila tha mene 70000 h loan liya h for 24 months.

Mera credit SBI simply click card ka limit 70000 he . Jo me use h nhi karta hu dusra ek credit card se sare kaam karta hu.

From West Bengal

 

[ShavirB]

Hi, so from my understanding you have a SBI Cashback credit card with a limit of 2.5 Lakhs. And you took out some loan using the 'Encash' Option of 70,000. After this activity your cibil score has dropped by 30 points? And you're concerned that your cibil score will drop massively in the next 2 years?


Please let me know if the above facts are okay or there is some gap in understanding?

 

[hulk005]

Nehi sir Mera SBI credit card me limit 71k he but mujhe encash loan offer Mila tha 2.5l ka mujhe 70k zaroorat tha isiliye sirf 70k loan Kiya Jo mere SBI Bank account pe NEFT se deposit hua Jo monthly me 3500+ karke pay karta hu Jan me ye loan Kiya tha and card ka jitna limit he usse use nhi karta hu card me 71k available dikha rha he but fir v CIBIL pura gur gya he 781 se 751 ho gya AJ. Cibil me ek complain dala hu AJ

 

[hulk005]

And yes mujhe ye chinta ho rha h k next two years Tak Mera cibil aise h down ho gya to kya hoga

 

[ShavirB]

Nehi sir Mera SBI credit card me limit 71k he but mujhe encash loan offer Mila tha 2.5l ka mujhe 70k zaroorat tha isiliye sirf 70k loan Kiya Jo mere SBI Bank account pe NEFT se deposit hua Jo monthly me 3500+ karke pay karta hu Jan me ye loan Kiya tha and card ka jitna limit he usse use nhi karta hu card me 71k available dikha rha he but fir v CIBIL pura gur gya he 781 se 751 ho gya AJ. Cibil me ek complain dala hu AJ

Hi, by any chance you have the notification or any details of the 2.5 Lakh encash Loan Offer? Screenshot of any such notification would help

 

[hulk005]

Sir abi to card ke andr koi encash ka option nhi arha hai jha par wo offer show ho rha tha. loan lene k baad v tha wo option upgrade karne ka kyu ki me sirf 70k ka encash loan Kiya tha baki amt pada hua tha isiliye.
Ek SS h jab loan Kiya tha or abhi kuch ss liya hu wo attach kar Diya h .

 

[cardy]

SBI simply click credit card pe encash option me mene 70000 loan liya tha 24 months tenure he lekin kal Mera cibil score update hua 30 points down ho gya bol rha he 100% credit card utilisation hogya lekin Mera credit card k balance mene use nhi Kiya he sirf Mera encash ka loan chal rha he ayse to 24 months me Mera cibil zero ho jayega.....

Abhi me kya Karu???? I really need a genuine solution please help me Mera SBI ENCASH loan ka effect sbi credit card k utilisation pe kyu par rha he ? Mujhe to 250000 lakh ka encash loan Mila tha mene 70000 h loan liya h for 24 months.

Mera credit SBI simply click card ka limit 70000 he . Jo me use h nhi karta hu dusra ek credit card se sare kaam karta hu.

From West Bengal

Itna darneka jarurat nahi hai. Apne loan liya hai. Ye unsecured loan hai. Total overall utilisation badne se cibil ghat ta hai. Jitna ghatna tha ghat Gaya. Abhi har mahine on time payment Karo. Har mahine ye cibil badte chala jayega. Baas ek baat ka khayal rakhna ki kabhi Payment miss maat karna. Baki CIBIL baad jayega.

 

[hulk005]

Itna darneka jarurat nahi hai. Apne loan liya hai. Ye unsecured loan hai. Total overall utilisation badne se cibil ghat ta hai. Jitna ghatna tha ghat Gaya. Abhi har mahine on time payment Karo. Har mahine ye cibil badte chala jayega. Baas ek baat ka khayal rakhna ki kabhi Payment miss maat karna. Baki CIBIL baad jayega.

Mene sare payment thik time se pahele h karta hu koi v due nhi h. And mujhe pata h k cibil kyse badta he ... Ye Jo 30 points ghat gya isiliye na Jo fault cibil update hua h ye next 24 months agr chala to kya hoga. Or me 100% se zyda kaise utilisation kar skta hu .... Is baar k liye nhi dar rha hu har mahine agr gira de ta h to kya hoga...... Mene to sare payment on time se phele karta hu

 

[ShavirB]

So from all the SS attached it seems like you have indeed used 100% of your credit limit. There is no mention of the 2.5 Lakh Encash Loan you mentioned. Advise suggested by @cardy seems to be your best option

 

[cardy]

Mene sare payment thik time se pahele h karta hu koi v due nhi h. And mujhe pata h k cibil kyse badta he ... Ye Jo 30 points ghat gya isiliye na Jo fault cibil update hua h ye next 24 months agr chala to kya hoga. Or me 100% se zyda kaise utilisation kar skta hu .... Is baar k liye nhi dar rha hu har mahine agr gira de ta h to kya hoga...... Mene to sare payment on time se phele karta hu

Koi baat nahi.
Iske liye har mahine cibil nahi ghat ta
Haar emi ke payment ke next month utilisation kaam hota jayega.

 

[anuragmukherjee28]

Mene sare payment thik time se pahele h karta hu koi v due nhi h. And mujhe pata h k cibil kyse badta he ... Ye Jo 30 points ghat gya isiliye na Jo fault cibil update hua h ye next 24 months agr chala to kya hoga. Or me 100% se zyda kaise utilisation kar skta hu .... Is baar k liye nhi dar rha hu har mahine agr gira de ta h to kya hoga...... Mene to sare payment on time se phele karta hu

within a year theek ho jayega, har type ka credit jo aap lete ho , uska agar utilisation ration 30% se jayada kar dete ho, to fir cibil me impact karega hi , par aap bass monthly sahi se payment karte raho aur yeh loans band jab hojayega , tab tak aap dekhna , apka credit score bhi bar jayega.

 

[hulk005]

So from all the SS attached it seems like you have indeed used 100% of your credit limit. There is no mention of the 2.5 Lakh Encash Loan you mentioned. Advise suggested by @cardy seems to be your best option

Ek SS me show ho rha h encash loan payment schedule

 

[hulk005]

within a year theek ho jayega, har type ka credit jo aap lete ho , uska agar utilisation ration 30% se jayada kar dete ho, to fir cibil me impact karega hi , par aap bass monthly sahi se payment karte raho aur yeh loans band jab hojayega , tab tak aap dekhna , apka credit score bhi bar jayega.

Me 30% to dur SBI se 10% v use nhi karta hu Mera ICICI Amazon card se sab karta hu

 

[hulk005]

Cibil walo confused ho gya ge mene liya h loan unhone credit limit 100% use dikha Diya h jab ki me credit limit se kuch kharcha nhi Kiya h

 

[anuragmukherjee28]

Cibil walo confused ho gya ge mene liya h loan unhone credit limit 100% use dikha Diya h jab ki me credit limit se kuch kharcha nhi Kiya h

woh loan nahi hai , woh credit line hai , isliye uska credit limit hai ,and credit line, ekdum similar hota hai credit card ke jaise , agar fir bhi problem lag raha hai to aap onescore app download karke waha par complaint raise kar sakte ho,usse apko help mil sakta hai

 

[hulk005]

Haaaan wo v kar Diya hu ... Mujhe to kha gya tha encash loan Jo k me har month clear payment karta hu 24months ka h..... Agr ye sab hota h pata hota to me apply h nhi karta