do student loans affect credit score

Yes, student loans do affect your credit score, just like any other installment loan. Responsible management can positively build your credit history and CIBIL score.

• Timely EMI payments demonstrate financial discipline and help boost your score.
• They contribute to a healthy credit mix and establish a long credit history.

Conversely, late or missed payments, or defaulting on the loan, will significantly damage your credit score and the score of any co-borrower.