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[Resolved]  Central Bank Of India Education Loan — Wrong Education Loan repayment by bank

Address:Samastipur, Bihar

Hi,

My husband has an education loan of INR 3,13,000 from Central Bank of India, Samastipur.
He has been repaying the loan at 7000 per month since the last 3 yrs and still the amount due in passbook shows rs 2,82,000. How can it be possible?

On looking into the passbook we found that the bank has been using the installment for just the principal repayment, till 3 months back. 3 months back they have suddenly added a lumpsum interest of 1,42,000 to the loan. Is it possible? As per my understanding, from the beinging of the loan payment itself, a certain part of repayment goes towards principle and other to interest. The way Central Bank has been deducting the loan repayments, the loan is never going to be repayed. Are we being cheated ? What action can we take in such a case? Please help us out. I am really surprised at the way these banks operate, feeling cheated and loosing my trust in such reputed organizations

regards,
Neha
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Aug 13, 2020
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Comments

wrong interis of education loan..A/c No TLG 10245 By CBI Panki Kanpur
Hi, I am subhash Singh Rajpoot S/O Rajendra Kumar..My Education Loan sangsung
dec-2005..after My B tech completed..bank show i Have not given Instoalment by date 2007..how can possible..I have completed B tech 2009.And One year required time by Bank by searching job..Real Time Started my Instoalment june 2010. Please help us out. I am really surprised at the way these banks operate, feeling cheated and changing time of computer 2007 to change 2009.in such reputed organizations.

regards,
Subhash Singh Rajpoot
Panki Central Bank Kanpur
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