If you had a negative listing and you have paid your loan and requested to be cleared from CRB, then it takes about 48 hours for your information to be updated.
Your name will be submitted to CRB as a negative performer if you do not repay your loan after 90 days of repayment period, if you have a bounced cheque, when you are involved in financial fraud, when you are in receivership, or when you have misappropriated borrowed funds
A CRB negative listing means you are a loan defaulter and therefore most banks will not issue a loan to such borrowers. You need to clear you name from CRB negative listing to stand a chance of getting a bank loan.
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