Does non repayment of education loan affect CIBIL score

[samkapoor77]

I did bachelors degree in 2010. For that I borrowed education loan from SBI and repaid entire loan amount in 2012. In the same year, I took one more education loan from HDFC Bank for doing MBA. But due to extreme financial crisis, I left the course in beginning of 3rd semester. I have not repaid even single rupee of my loan till date. Will it affect my CIBIL score in any way?

[samkapoor77]

It will not only affect but by now it must have negatively impacted your CIBIL score. Pay off the entire amount to get rid of defaulter status.

[Author]

Posts