Study Abroad Loans: Kerala HC: No Student Will be Denied Student Loan Due to Low CIBIL

Kerala HC ruled that no bank can reject student loan applications due to low CIBIL scores. Here are some details:

[{"selector":"#anim-07e7b226-23be-4666-8c56-61b94a10f5fd","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2771d09-b0ee-4b68-8586-6404fd8f2af4","keyframes":{"transform":["translate3d(0px, 111.53551%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This judgement was pronounced by Justice P.V. Kunhikrishnan

[{"selector":"#anim-8fc45035-503e-48b9-9080-b7065aa4c869","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f09ae009-ec5d-4c94-8c88-91fb578c90f5","keyframes":{"transform":["translate3d(0px, 142.40998%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

He stated that banks adopt a compassionate approach when evaluating education loan applications

[{"selector":"#anim-f2482c64-0915-44ba-a891-32d75fdee55a","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e16ef76-373f-4786-8dd7-b8d6d5b4ead8","keyframes":{"transform":["translate3d(0px, 109.49074%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Kerala HC refered to a previous ruling that states banks should not consider parent's CIBIL score

[{"selector":"#anim-68e93c6a-743e-4bc5-bda9-6b48e578cb24","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b96cd2ac-9c36-43b2-9724-f3cf4811d3e0","keyframes":{"transform":["translate3d(0px, 125.63657%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This ruling highlights the importance of considering other factors, such as the student's potential for future earnings

[{"selector":"#anim-2701ca81-49ca-455b-a73d-b1971f6ad338","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09b860ea-0c2a-4c23-bb49-3cdfe83a9957","keyframes":{"transform":["translate3d(0px, 108.84260%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Kerala HC also asked banks to consider student's ability to repay the loan after completing their education

[{"selector":"#anim-1cd083b6-520a-431d-ab9e-bd70fc21be34","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a94f1ecc-1de8-461a-bdc7-73b372cda0bf","keyframes":{"transform":["translate3d(0px, 129.28242%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Click here to read more about Kerala HC ruling on Student Loan

[{"selector":"#anim-fedd43bf-5109-42f2-b69c-1b067a1e8781","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b6575164-42e0-480a-8d10-933c72ad77a1","keyframes":{"transform":["translate3d(0px, 316.38886%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]