Do student loans affect your credit score?

Yes, student loans significantly affect your credit score in India. Like any other installment loan, an education loan is reported to credit bureaus such as CIBIL. Responsible management can help build a positive credit history, while poor repayment habits can cause damage.

• Timely EMI payments demonstrate financial discipline and help improve your credit score.
• Late or missed payments negatively impact your score and can affect your future loan eligibility.
• The loan contributes to your credit mix and helps establish a long-term credit history.