HOME LOAN - Your mortgage record is under watch by CIBIL

Posted: 02 Sep 2010 08:17 PM PDT

Borrower beware! Your oan record is going to be home loan record is going to be under the constant scrutiny of the country's banks.With the launch of `CIBIL Mortgage Check', India's first centralised nationwide database of mortgage information, by the Credit Information Bureau India Ltd (CIBIL) and TransUnion, the members banks and financial institutions will now be able to share and access mortgage information and reduce frauds. "In many cases, fraudsters avail multiple loans on an already...

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