Loan is closed but loan shows overdue balance in CIBIL and Finance Service Provider document.

Name of Complainant Emmanuel Alexander Jathanna
Date of ComplaintMarch 20, 2023
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by Emmanuel Alexander Jathanna:

I have borrowed an EMI on Zest Money amounting Rs.23,922/- (Finance provided by Piramal Housing Finance on behalf of Zest Money) for a 3 months tenure and the loan was disbursed on 12-Feb-2022. I have paid all the EMI’s on time and the loan account# C91996493F75 was closed on 29-04-2022. But the loan paid and closed details are not reported to CIBIL, Experian and other Credit bureaus. Also, the loan statement provided by the Piramal Finance shows the overdue balance.

All the credit reports are showing the balance due of Rs.8,019/- and amount overdue of Rs.8,295/- Due to this non-report of loan paid and closed details, it’s impacting my credit scores with almost 100 points a month and I am not able to avail housing loan which is very much required for me now.

I have raised the dispute with CIBIL, contacted Piramal Finance & Zest Money Customer Service and foloowing up since Dec-2022 but no one is able to give me the resolution till now.

Kindly help me on this.

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