{"id":4705,"date":"2023-06-01T12:31:52","date_gmt":"2023-06-01T07:01:52","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4705"},"modified":"2023-06-01T12:31:52","modified_gmt":"2023-06-01T07:01:52","slug":"study-abroad-loans-kerala-hc-no-student-will-be-denied-student-loan-due-to-low-cibil-news-2023-06","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-kerala-hc-no-student-will-be-denied-student-loan-due-to-low-cibil-news-2023-06\/","title":{"rendered":"Study Abroad Loans: Kerala HC: No Student Will be Denied Student Loan Due to Low CIBIL"},"content":{"rendered":"\n

The Kerala High Court has ruled that a student’s application for an education loan<\/a><\/strong> cannot be rejected based solely on their low CIBIL score<\/a><\/strong>. Justice P.V. Kunhikrishnan emphasised that banks adopt a compassionate approach when evaluating education loan applications. Furthermore, he suggested banks must recognise that students play a crucial role in building the nation’s future.<\/p>\n\n\n\n

According to the court, it is unjust to reject an education loan application <\/a><\/strong>solely because of a low CIBIL score. The bank should have accepted the student’s application based on their credit history.<\/p>\n\n\n\n

While giving this judgement, the Kerala HC considered a previous court ruling. It referred to the ruling which stated that the CIBIL score of a student’s parents should not be a reason to reject a student loan. Instead, the student’s repayment capacity should be the decisive factor after completing their education.<\/p>\n\n\n\n

This ruling highlights the importance of considering other factors. These factors include the student’s potential for future earnings and their ability to repay student loans<\/a><\/strong> after completing their education. This judgement aims to provide equal opportunities for students who may have a low credit score but possess the potential to succeed and fulfil their loan obligations in the future.<\/p>\n\n\n\n

\"Study
Source: Times of India<\/figcaption><\/figure>\n\n\n\n

CIBIL Score and Education Loan<\/span><\/h2>\n\n\n\n

The CIBIL score, or Credit Information Bureau (India) Limited score, is a numerical representation of an individual’s creditworthiness. It is a measure of their credit history and helps lenders assess the risk associated with granting them a loan or credit. The higher the CIBIL score, the more likely a student is to be approved for education loans<\/a><\/strong> and offered favourable terms.<\/p>\n\n\n\n

When it comes to education loans, the CIBIL score is often taken into consideration by banks and financial institutions. A good credit score can increase the chances of approval. Additionally, it can potentially result in more favourable loan terms, such as lower interest rates.<\/p>\n\n\n\n

To get the latest information on study abroad loans<\/a><\/strong>, stay in tune with Leverage Edu News Desk<\/a><\/strong>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Kerala HC ruled that no bank can reject student loan applications due to low CIBIL scores. This judgement was made by Justice Kunhikrishnan.<\/p>\n","protected":false},"author":5,"featured_media":4713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-4705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"\nStudy Abroad Loans: Kerala HC: No Student Will be Denied Student Loan Due to Low CIBIL I Fly Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-kerala-hc-no-student-will-be-denied-student-loan-due-to-low-cibil-news-2023-06\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Abroad Loans: Kerala HC: No Student Will be Denied Student Loan Due to Low CIBIL\" \/>\n<meta property=\"og:description\" content=\"Kerala HC ruled that no bank can reject student loan applications due to low CIBIL scores. 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