Need A Financial Product Forums Loans Does non repayment of education loan affect CIBIL score

This topic contains 1 reply, has 2 voices, and was last updated by  Madhumita 2 years, 8 months ago.

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  • #48322

    Madhumita
    Member

    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?

    #48323

    Jai Mishra
    Member

    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.

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