Lawstreet Journal

“Process Education Loan Of Law Student Under WB Student Credit Card Scheme Within 2 Weeks” Calcutta High Court To SBI

Lawstreet Journal 3 Apr 2022 6:57am

Image courtesy: Lawstreet Journal Judiciary “Process Education Loan Of Law Student Under WB Student Credit Card Scheme Within 2 Weeks” Calcutta High Court To SBI

The State Bank of India was directed by the High Court of Calcutta on Friday, 1st April, 2022 to process the education loan of a third year law student who had applied for the same under the “West Bengal Credit Card Scheme”, provided by the State Government on June 20,2021. 

The West Bengal Student Credit Card Scheme was framed by the State Higher Education Department for providing Credit Cards to students for pursuing higher education. 


Justice Moushumi Bhattacharya was adjudicating upon a plea moved by Irina Mullick, a third year law student whose loan application of Rs. 2,50,000 was rejected by the SBI because of the low CIBIL score of her father. CIBIL is a measure of the credit- worthiness of an applicant.

In 2019, the petitioner requested for a Student Credit Card Scheme student loan to continue her undergraduate studies at the concerned Law School. However, due to the petitioner's father's low CIBIL (Credit Information Bureau India Limited)  score, her loan application was refused by SBI in a letter dated March 17, 2022.


The petitioner's father was a co-borrower of the loan, according to the SBI's lawyer, and the bank was forced to reject the loan due to the petitioner's father's poor CIBIL score. It was also claimed that the petitioner was unable to reapply for the loan with her mother as a co-borrower since the relevant site would not allow for a second application.

The lawyer for Transunion CIBIL informed the Court… Continue Reading...

Tagged: SBI Foundation   State Bank of India  
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