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If you want to apply for a job in SBI, any default on loans or credit card payment will render you ineligible.

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If you want to apply for a job in SBI, any default on loans or credit card payment will render you ineligible.

SBI, which is in the process of recruiting junior associates (customer support and sales) and junior agricultural associates in clerical cadre, has stipulated that candidates with poor credit record will not be eligible for jobs at the lender

SBI has advised aspirants to check their credit history with the Credit Information Bureau Ltd (Cibil) before applying for posts in the bank. Cibil collects and maintains records of an individual’s payments pertaining to loans and credit cards.

SBI Says “Candidates with record of default in repayment of loans/credit card dues and/or against whose name adverse report of Cibil or other external agencies are available are not eligible to apply for the post,”  

While BEFI(Bank Employees’ Federation of India) said "If a candidate availing education loan should not be equated and considered at par with wilful defaulters in the strict commercial sense of the term. It is very natural that this group of borrowers can start repaying their debts only when gainfully employed.”.

BEFI requested SBI to look into the matter and tell the authorities concerned to add an appropriate rider to ensure applicants who have availed education loan are not pushed out of the range of consideration for recruitment in SBI or in any other government lender.

What is CIBIL?

CIBIL (Credit Information Bureau Ltd) collects and maintains records of an individual’s payments pertaining to loans and credit cards of All banks and Financial Institutions in India.

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