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educational loan complaints

This is a discussion on educational loan complaints within the Other Loans forums, part of the Loan category; I am sumit khandelwal Now I am studying B.E. in acropolise institute of technology , indore. In the nearest sbi ...

  1. #1
    sumit khandelwal is offline Junior Member
    Join Date
    Jan 2012
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    1

    Question educational loan complaints

    I am sumit khandelwal Now I am studying B.E. in acropolise institute of technology , indore. In the nearest sbi bank i had applied for the education loan 5 moths before but they are showing no interest in passing my file to above authorities.
    after struggling of a month they passed it to the person above them..
    on first meeting that person says that documents are in complete . we re arranged the whole document.
    then he give surety to my father that the loan will pass.
    after that when we contacted him to know that if this loan is sanctioned or not he said that
    loan cannot be sanctioned because my father don't have the account in that account.
    my father said that in will open one account right now
    he said we will need your bank statement or last 6 month.
    my father said let the guardian be my mother..as she have the formalities..
    he again denied by saying that my percentage are not satisfactory
    i have 64% in 10th class
    and 65% in 12th class....
    and we should try in the bank in which my mother have the account i.e. OBC
    when we try their they said that their goals are completed and they will
    take the application next year................

    my brother is also perusing B.E.(CS) from malwa institute of technology
    in 1st year...
    due to examination on head we have to sell our bike to pay the fees f collage
    and we don't have anything precious to sell.
    my father run a tea stall, and that the only source of income for my family with 5 members .

    We had taken admission in engineering in hope that we will get the loan .....
    plz sir tell me what to do
    because exam are on head and collage is not going t o allow me to sit in exams
    By
    SUMIT KHANDELWAL
    (MOBILE:7898553338)
    (MAIL:meetme.sumit@gmail.com)

  2. #2
    MUSTANG is offline Junior Member
    Join Date
    Jan 2012
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    4

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    I had similar experience at SBI,Bangalore. It is the WORST BANK i have ever seen. their service is pathetic, Worst was that manager didnt even know the ROI of education loan Finally i took loan in CANARA BANK. though manager got changed twice, their service is excellent,

  3. #3
    suguna_kamaraj@yahoo.com Guest

    Angry educatiional loan

    we applied loan in allahabad bank..against by our residencial house property,,,on 2010,,for my younger son k.deva kumar,,,,,,,,doing mbbs in sathiya sai medical collage,,,,,the loan was sanctioned as educational loan,,for 10,lakhs;;;8lakhs was availed for the year 2010,,,2011 ,,,,4 lakjhs every year,,,,,,balance 2.lakhs is yet to
    avail,,,,for this year 2012,,,final year mbbs,,,,but the bank is hesitating to release the balance amount,,,,by asking margin money 2.lakhs 35,thousand ,,,if the margin money remmited only than they will release the remaining loan amount,,,,,margin money is getting delayed ,,,by our source,, bank is requested to release ,before may 6 th ,,, due date.....so as to enable my son k,devakunar,,,to continue the course.... allahabab bank,,,t.nagar,,,account no 50032277054...............

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