Credit score
Education Loan With a Low CIBIL Score
Students usually have no credit history, so lenders look at the co-applicant's CIBIL score. A low score doesn't end the plan. It changes which lender and structure will work.
- Most lenders want ~700+
- Change or add a co-applicant
- Collateral helps
- Scores can recover in months
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Quick answer
Education Loan With a Low CIBIL Score
Most banks and NBFCs prefer a co-applicant CIBIL score of about 700 or more; 750+ gets better rates. With a lower score you can: add or switch to a co-applicant with a good score, offer collateral, clear overdue accounts and reapply, or use an international lender that doesn't depend on a parent's credit (for supported universities).
Score bands
What your co-applicant's score means
Improve fast
How to lift a score before applying
- 01
Get the report
Download the full CIBIL report and check for errors or loans you didn't take.
- 02
Clear overdues
Pay off overdue EMIs and credit-card dues; settled accounts hurt less than overdue ones.
- 03
Lower card use
Keep credit-card use under 30% of the limit.
- 04
Raise disputes
Dispute incorrect entries online; corrections usually take 30–45 days.
- 05
Wait one cycle
Lenders report monthly, so improvements appear after 1–2 billing cycles.
FAQs
Frequently asked questions
Still have a question?
Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
Students usually have no score. If the student has a credit card or loan, a clean record helps.
Partly. A secured loan reduces the lender's risk, but a very low score or recent defaults can still lead to rejection.
Yes, lenders treat 'settled' as negative. Where possible, pay the remaining amount and get the status updated to 'closed'.
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More education loan guides
- How Much Education Loan Can I Get to Study Abroad?
- Is a Co-Applicant Mandatory for an Education Loan?
- Education Loan Without a Co-Applicant for Abroad Studies
- Education Loan Interest Rates for Abroad Studies
- Education Loan Tax Benefit: Section 80E and Section 129
- Education Loan Moratorium Period Explained
- Margin Money in Education Loans: How Much You Pay
- Education Loan Documents List for Abroad Studies
- Education Loan Process for Abroad Studies
- All loan guides
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