Does my father or sister need to have a good CIBIL score for the education loan application?

Yes, your father or sister, if they are co-applicants for your education loan, need to have a good CIBIL score.

Lenders mainly assess the co-applicant’s creditworthiness since students usually have limited credit history. A strong CIBIL score (typically 700 or above) from your co-applicant increases the chances of loan approval and may lead to better terms. If the co-applicant’s score is low, the application could be rejected or approved with stricter conditions.

Having a co-applicant with a solid credit profile is important for securing an education loan.