[Resolved]  State Bank Of India — Education Loan Subsidy

Address:Coimbatore, Tamil Nadu

I got loan from State bank of India from 2007 for B.tech but after my completion of courses i came to know subsidy is offered by the MoHRD through Canara bank.Due to the unemployment situation i asked to reduce the bank personal about my EMI but not a single word is explained about the subsidy provided by MoHRD but i will get a frequent phone calls every month about EMI dues alone when a question is raised about subsidy provided they will cut the call. i have paid interest from the month i took the education loan whats is the point in being righteous of paying the interest for the past 7 years even that i cant afford to pay EMI fully. What the banking personal or officers doing ? No notice for any change in EMI request/No Explanation when a question is asked about subsidy But only interest rate keep on increasing from the day the borrowed a Loan? Shame on the SBI bank service...realy regreting for taking a loan From SBI.
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Aug 14, 2020
Complaint marked as Resolved 
State Bank of India [SBI] customer support has been notified about the posted complaint.
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