December 30, 2015 8:20 PM

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Student loan can't be rejected on low job prospect grounds: HC

Madras High court has ruled that an educational loan cannot be rejected merely on the grounds that the employment opportunity was poor. The ruling was given by Justice K.Ravichandra Babu, while disposing a petition which sought to quash a State Bank of India order, rejecting the loan application of the petitioner.<br/><br/>The Judge of the Madurai Bench of the High Court observed there could not be any bar for granting educational loan which was repayable with Interest. The objective of providing education loan was to help people without money pursue their education and that would be defeated if loan was not given, the Judge said. He asked the bank to consider the loan application if that student was otherwise eligible.

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