Case Law Analysis
|Kerala High Court
IBA Model Educational Loan Scheme | Co-Borrower's Credit Score Mandatory for Loan Approval: Kerala HC
Kerala High Court rules that banks can reject educational loan applications under the IBA Model Scheme if the co-borrower has a low credit score, reinforcing compliance with banking regulations. The judgment underscores the legal validity of creditworthiness assessments in loan disbursements, impacting students and co-borrowers reliant on such schemes.