Supreme Court’s historic decision, banks will have to give loans even if the CIBIL score is poor

Today, almost everyone knows about the CIBIL score. Its importance is hardly hidden from anyone. If someone’s CIBIL score is bad, then the bank does not give him a loan, but now such news is coming out that the bank cannot refuse to give a loan even on the basis of a bad credit score. Recently, the Supreme Court has taken a big decision, due to which people can be given loans even on a bad CIBIL score. Let us tell you who will get the loan and what has the Supreme Court said?

What decision did the Supreme Court take?

The Supreme Court has taken a big decision on the basis of CIBIL score. They say that students cannot be denied education loans. The court has made it clear that the purpose of education loan is to help students in their studies and not to make them financially weak. However, even if the student’s CIBIL score is bad, the bank cannot refuse to give him a loan.

Has this decision been taken on education loan?

According to the Supreme Court, this decision is for education loan. But in the future, its effect can be seen on other loans like home loan, car loan or personal loan. If banks put pressure on it, then it is also possible that the Supreme Court may give such a decision for all other loans.

8 thoughts on “Supreme Court’s historic decision, banks will have to give loans even if the CIBIL score is poor”

  1. Mere Cibil report main Scuit Field likha hai please isko delete kar dijye Meharbani hogi Kirpa hogi Sir,,,Name Shahzada Ansari,Pan No.BQCPA7077A, Mobile No 8789954346

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