Discovering a wrong loan entry in a CIBIL report can be quite a surprise, particularly if you are sure you did not take that loan at all. The good news is that it can be fixed. You only need the right steps, the right documents and a little patience.
We will take the easiest and most practical process to correct it, in clear and simple language.
What Is a Wrong Loan Entry Exactly?
A wrong loan entry signifies your credit report is presenting something that does not belong to you.
It might be,
- A loan you did not take out at all
- A loan you paid off ages back, but still showing as active
- EMI details that are incorrect
- Entries of loans that are the same
- Amounts due that are incorrect
Any of these errors may result in lowering your credit score and subsequently affecting the approval of your loan application.
What Are the Reasons?
The most common causes are,
- Lender reporting mistakes
- Technical glitches
- Identity mismatch
- PAN number mix-ups
- Someone else’s loan is being incorrectly linked
Understanding the cause makes it easier to fix the wrong loan entry in CIBIL quickly.
Most Common Wrong Entries You Might See
| Error Type | What It Looks Like | Risk Level |
| Wrong loan showing | A loan you never took | High |
| Incorrect EMI status | EMIs marked late | High |
| Duplicate loan | Same loan twice | Medium |
| Wrong outstanding balance | More than what you owe | Medium |
| Unupdated closed loan | Still marked active | Moderate |
Your Step-by-Step Fix (Simple & Effective)
1. Download Your Complete CIBIL Report
Go through each line and pinpoint where the incorrect entry is.
2. Lender Contact Should Be Made Instantly
Request them to confirm the account and rectify the error. Always request a written confirmation or email.
3. Dispute with CIBIL
Visit the complaint section of the CIBIL website and submit your complaint. Clearly state that there is a wrong loan entry in CIBIL and provide proof.
4. Provide Documents That Support
Depending on the mistake, you might require,
- PAN card
- Aadhaar card
- Account statements
- Loan closure letter
- NOC
- EMI payment proof
5. Keep Following Up Until The Mistake Is Corrected
Your lender and CIBIL will work on the change. This process usually takes 30-45 days.
6. Verify Your Revised Report
Download the new report and confirm the correction has been made.
How Your Credit Score Improves After Fixing It
When the mistake is corrected,
- Your score goes up little by little
- Your credit profile becomes clean
- You can apply for loans and credit cards again
- The new lenders have more confidence in your record
Correcting a wrong loan entry in CIBIL directly affects your total financial reputation.
Suggestive Ways to Quickly Correct the Mistake
- Keep all communication in writing
- Submit clear, sharp document scans
- Follow up regularly with your lender
- If needed, escalate to their grievance officer
- Avoid raising multiple disputes at the same time
These steps guarantee that CIBIL processes your correction smoothly.
Conclusion
Finding a wrong loan entry in CIBIL is stressful, but fixing it is absolutely possible. With the right documents and a little follow-up, you can correct the error, protect your score and make your credit profile clean again.
A clean report opens the door to better loans, lower interest rates and faster approvals.
