The Hindu·3 min read·medium
Education loan can be denied if parent as co-borrower has poor credit score, says Kerala HC
T
The Hindu Bureau
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The Kerala High Court ruled that banks may deny education loans if the co-borrowing parent has a poor credit score. The court emphasized that banks must adhere to their internal lending guidelines and that education loans are not an absolute right.
The Kerala High Court has ruled that an education loan can be denied to a student if the parent, as a co-borrower, has a poor credit score. However, the application could be considered if there is an eligible co-borrower with a sufficient credit score.
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