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  #1  
9th March 2016, 04:33 PM
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Does Banks verify CIBIL score of credit card holders for an Education Loan?


Hello Everyone,
I am holding credit card though I am interested to do Post Graduation now. I undergone for a settlement of my credit card few months ago. If I want to apply for an Education Loan then the Bank will verify CIBIL score also for an Education Loan?




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  #2  
13th March 2016, 01:10 AM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: Does Banks verify CIBIL score of credit card holders for an Education Loan?

It does not verify your score if you can provide the Letter of Admission to the University where you are being admitted for the course.
If you do not have the Letter of Admission then the Bank will verify the CIBIL Score and it will only sanction your Loan once you have taken proper admission to a University.
This is the procedure that is followed by the Banks while giving an Educational Loan.
Do you have any question? or have anything to say?



« Will I be not applicable for an Education Loan with bad credit history having a credit card? | List of Banks offering an Education Loan of Rs. 7 Lacs with lowest interest rates to study MBA? »

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