Case Law Details
Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court)
The writ petition is filed by the petitioner for seeking to get sanction and disburse Education loan for his 4 Years B. Tech Course.
In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner’s father showed that there was a default in a commercial vehicle loan availed by him.
High Court states that, the only difference in the instant case is that the petitioner seeks the loan for joining a B.Tech course in a college outside the State. The contention of the respondents that the admission is in the management quota is not borne out by any documents. The orders of rejection also do not disclose any such consideration for the rejection of the loan. The petitioner belongs to OBC community and he is seeking the educational loan for continuing his B.Tech studies. Taking note of the findings, HC is of the opinion that unsatisfactory credit scores of the parents of the petitioner cannot be a ground to reject an educational loan in view of the fact that the repayment capacity of the petitioner after his education should be the deciding factor as per clause 10 of Ext R1(a) scheme. In the above view of the matter, Exhibits P4 and P6 orders are set aside. There will be a direction to the respondents to reconsider the application preferred by the petitioner for education loan within two weeks from the date of receipt of a copy of this judgment.
FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT
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I am having same issue…for education loan…what can I do ?