Outstanding loan amount is more that POF amount

[Nimz10]

I have an outstanding personal loan and a car loan and a credit card which it’s monthly installment get deducts from my bank account every month. (Shows in my bank statement). My outstanding loans+ credit card amount way bigger than my POF. Also the funds which I have showed as POF is fixed deposit from 2017 and the personal loan and the car loan were taken in 2018 and 2019. Will this have a negative impact on my application? Do I have to clear my loan balance before I submit my application!
please help.!!!

 

[pavan23]

Hi,
Yes you have to clear those. If not there are chances of your application being rejected.

There were instances where EE applications were rejected becoz of outstanding loans.

 

[Nimz10]

Hi,
Yes you have to clear those. If not there are chances of your application being rejected.

There were instances where EE applications were rejected becoz of outstanding loans.

Thank you very much