Banks — complaint against banks for rejection higher education loan

Address:

Ratlam, Madhya Pradesh, 457001

Respected Sir, My Son Aayush vyas Applied Education Loan trough your website Vidhya lakshmi. He applied for education loan for B.tech in Kalinga Institute of industrial technology, Bhubneshwar, Oddisha for Rs.16, 84, 000 for for years to Axis Bank, Allahabad bank and one of Oriental bank of Commerce . I provided all necessary documents with parent guarantor, and collateral security guarantor, and property papers.1st all the banks are assured to give the such loan. but there after Axis bank denied to give the education loan due to the house property which is come through Will to collateral security guarantor (My Mother) is illegal .reason given and giving the Banks are that the House Property came to collateral security guarantor from her grand mother through Will, Will is not registered so far You are not entitle for loan.Go Court and probate the Will. My question is in my State Madhya Pradesh there is no Necessary Registration of Will or Probate from the court .Honable Supreme Court as well M.P. High Court are decided in so many cases regarding Will is not registered so far Probate from the court. I told the Branch Manager about but they are not agree to give the Loan. They are all saying to me for Will Probate from the court then we'll think to give loan. Why they are not relaying on Supreme Court and High court judgments and forcing me for Will probate from the court.Central Government specially introduced Vidhyalakshmi Yojana for Students who are going for higher education through education loan through Bank.And Banks are not following on Central Govt. scheme and not giving Education Loan. If Bank not Give such loan to my son he will not complete his B.tech. So kindly give me direction for education loan and also contact to bank why they are not interested to give higher education loan, whether they are giving loan to businessmen to easily . Why are Bank's are so hard to give students education loan for his/her bright future, if person is genuine . I hope that You take right step for education loan from bank and obelige to me. Thanking You. Brajesh S. Vyas Advocate Ratlam M.P. [protected], [protected].