If you are preparing for the job in State Bank Of India (SBI) or willing to apply Junior associates and Junior Agriculture Associates in Clerical Cadre the credit score should not be poor else you are not eligible to apply.
In a recent notification of SBI its clearly stated that the candidates have poor Credit Score are not eligible to apply, Now many of you are confused that What is Credit Score and how it can be checked ???
What Is Credit Score ?
Candidates have taken any Loan/ Credit Card etc. either he paid or not the amount charged by the bank will be calculated in it.
SBI said “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”.
CIBIL maintains all the records of Loans and Credit Cards through which it can be identified that the Individual have is regular in his payment or not, so if anyone’s credit history not upto the mark with CIBIL, SBI job application form can’t filled by them.
Credit Information Bureau Ltd (Cibil) play a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a massive change in the way the credit life cycle is managed by both loan providers and consumers.
Students who had taken education loan from the bank should be exempted from the Cibil requested by the Bank Employee Unions.