dexternmn said:Folks who are done with process please suggest, anybody with similar experience would be best,
I am primary applicant, and there is a mortgage loan i.e. plot loan in my spouse name and myself as co-applicant, and the remaining tenure for this loan is 3.5 yrs, I too have done insurance on this to make it secured loan. However, every thing is up and running , and no other liabilities or debts, and also I have enough balance as per LICO to support the family of two. I am planning to show my savings accounts statements, and one of my wife's account statement as POF. I have been planning to hide this loan details to reduce any risk. But in one of my statement I have transferred a month EMI stating remarks as 'Loan EMI for Feb17' to some account in order to pay EMI for the particular month. Now I am in dilemma whether or not to show this Loan ?? Can anyone please suggest.
Thanks,
Loans are future liabilities and has nothing to do with POF. you are just showing money which you are going to carry with you and not showing all property or assets, so loan can be paid from any other assets which cic is not concerned. you must have funds ready which can be transferred that's it. you must show loan and write about it in LOE and you can also tell them it will be paid off from other assets of family once you get PR. Done.

