Education Loan Complaints & Reviews

Hi Team,

I Applied Education Loan in Indian Bank long years back at 2008, The loan was handed over to Reliance ARC. As they had requested us to pay the loan we repaid in 2017, but they did not provide us NOC till now. Its really hard to hear that loan amount have been increased and it have been not closed at bank end and NOC is also not provided in spite of requesting for so long years. no response from him and the request...

I have applied for educational loan on vidyalaxmi portal to 4 banks SBI, Bank of baroda, axis bank and bank of india. SBI rejected my application to loan without giving any written reason and the other three bank have not updated my application status. i need loan to continue my studies further. i am in my last years, i cant afford to quit now.

I had taken amoumt of 3 lakhs in syndicate bank.Loan interest subsidy is claimed but not credited to loan account.ony small amount is credited to the account when will be the remaining amount credit to the account

Hello sir,
I want to submit complaint about my Interest subsidy amount of education loan. actually i taken education loan in 2013 for my under Graduation(BUMS) for the amount of 400000 from SBI Bank.I have check and communicate bank so many times for subsidy and every time they answered me by the end of the month i will received it. But still i didn't received it.
kindly help how to i can get disburse my interest subsidy amount from bank. Bank claimed only for 2015-16 financial year... After that bank didnt claimed for subsidy. Kindly help me please

I search a educational loan for my son for the couse of hotel management from iihm.

I am a middle class man.

I start since one year but no proper reply from three or four banks

Bankers reject reason is father's cibil is low.

I am trying for my son's educational loan not for me so why banker's reject only one reason is low cibil of father.

If father's low cibil then no bank is provide for educational loan for my son. Please co-operate me and help me at this crucial period.

Kindly give me a proper reply at the earliest.

Thanks

Chander parkash
M-[protected]

Hello sir,
I want to submit complaint about my Interest subsidy amount of education loan. actually i taken education loan in 2016 for my Post Graduation(MBA) for the amount of 400000 from SBI Bank.I have check and communicate bank so many times for subsidy and every time they answered me by the end of the month i will received it. But still i didn't received it.
kindly help how to i can get disburse my interest subsidy amount from bank.

Hello sir,
I want to submit complaint about my Interest subsidy amount of education loan. actually i taken education loan in 2016 from HDFC Bank after that i have applied interest subsidy scheme for my loan 2016-17 FY, and i also applied for 2017-18 FY. in both year i was eligible for availed a scheme. but i did not received any communication from bank regarding this, now i have checked my scheme status on Central subsidy scheme portal it is showing i got my interest subsidy in both year. but from bank i have not received my interest subsidy sanction amount.
kindly help how to i can get disburse my interest subsidy amount from bank.

Hello,
I think the main aim for providing education loan is to help students pursue their higher studies without them having to deal with finances. But with stringent bank rules and rigidity is hampering the purpose. I am in need of education loan for mba. I have good academic record, working experience and have secured admission in a college that has great placement record. But my loan is denied just because my father has a low cibil score and is guarantor for a defaulted loan in the past. Instead of evaluating future paying capability of my parent, they are stick to follow what cibil says. Lower cibil can be result of many petty reasons which I don't think solely should affect my issue of education loan. But banks like sbi, united bank of india and canara bank are not willing to lend minimum Rightful amount of 4 lakhs to help a student reach her goal. How fair is it to have ruin someone's career just because of such a reason. They are not even suggesting a way out. I feel pathetic about this system.

Sir...
My name is devadathan pk.and iam from Palakkad, kerala.sir, iam submitting this complaint because of my educational loan issue.i have joined AJK COLLEGE OF ARTS AND SCIENCE, coimbatore in BSC visual communication this year.the class will start from july 15th of this month.the overall fees comes under 3 lakhs. due to some financial problems i want to approach a bank for educational loan.the loan to my ward is given from KERALA GRAMIN BANK, THACHAMPARA.when i asked they replied me that due to some fund issues they are not giving any loan from the bank.then i approached another banks for loan.they are ready to give the loan.but they said that they want a letter from the branch manager of kerala gramin bank.when i asked about the letter to the manager he is not ready to give me the letter. i approached him many times for the letter.but he shows some type of rejection to me.sir i need that cash urgently to support my studies.i have also paid the 1st semester fees because of this problem.sir please give me a solution to this urgently.

When i checked the education loan subsidy amount, i can see an amount of rs. 1, 85, 000 disbursed to sbi in my name whereas the amount that i have received from sbi is only rs. 80, 000.
Kindly update me on the amount disbursed in my name and the amount actually received by me. I have gone to both canara bank and sbi multiple times but haven't got any clarity yet on the amount.

I pursued education loan and completed engineering degree by 2016. After that i could not get any job. I went to a simple job which not suit my stream. I payed monthly 5k. I claimed for subsidy in canara bank. After that i did not get any subisidy from bank side. Even i checked subsidy status on canara bank subsidy there it is showing subsidy amount but i never get any subsidy from bank. I asked manager then he told me it will come from government side i can not do anything. I would like to tell you about my education loan. I have taken education loan from canara bank and amount is 2, 28, 000 rs. I never get any subsidy from bank even after submitted all documents related to loan.

I pursued education loan n completed eng degree by 2012. After dat i cudn get any job. I went to a simple job which not suit my stream. I payed monthly 5k. Then i got married n i cudn go work.. My father pays for me till he can. We payed almost 90% of d loan. But still they r giving notice to my father. I'm not near them and also am out of station. Now am a mother of a lil one. I am ready to go work. But who s giving job.
I didn't tel that i vl nt pay my loan. I paid n paying. Now i cudn n my father s also not working. Understand d situation.
Many didn't even start to pay their edu loan. Go n ask them. Don't make fool of ppls like us.

My name is jithesh babu from cochin, kerala. I had applied education loan (First week of december 2018) from bank of baroda through gyandhan (Bank of baroda, panampilly nagar, cochin & bank of baroda palarivattom branch).

I had submitted each and every document as requested by branch and all the legal valuation was done by advocate and branch manager (Palarivattom branch) for which i had paid an amount of 10, 900 rupees.

But today the sme manager told me that my loan cannot be sanctioned due to some irrelevant problems. He was telling land document problems, my age, problem with my work experience etc, etc. But for all the problems he had told i was having all the papers which is correct and legal.

We had given land worth 1 crore for a loan of 20 lakhs as guarantee.

And if am not able to join the class which starts on 14th of january 2018 the deposit of 3000 pounds which i have transferred to university will be lost.

Respected sir
My son vivek got a free mbbs seat in raichur on that i have applied a bank loan corporation bank what they need i will submitt all documents. I am also login vidya laxmi portal with app no 304371 on 28/8/2018 i will submit all documents but the bank peoples rejuected my loan application they give a reason that they need a insurence bond related to student. But they did not clarify me any details
Bank details
Name corporation bank
Ifsc code corp0000045
Thank you sir

Sir i need education loan for my mca studies. I have already admission in my collage. Exam will be start on next month. I hv already going to the all bank. But all bank saying, we will not provide study loan. Banks alaways avoid my loan. Sir plz help me. I really need education loan. What can i do sir.. I am from odisha, and city is jagatsinghpur. Sir plz help me.. How to get education loan for my studies..

I had availed education loan of 4 lakhs in the year 2013. I could complete and pass the course with 76% (Distinction) by 2017, Aug. Thereafter we contacted Bank officials and inquired about repayment of the loan, we were asked to make the repayment at the rate of Rs.16, 000/­ (Rupees Sixteen Thousand only) per month, with effect from September 2018.

Please note that, for a period of about 8 months on completion of the course, I did not get a job . However, on 1st May 2018 onwards I got a job in Shipping Field (Twin Info) with a monthly salary ofRs.8, 000/- (Rupees Eight Thousand only), which is not in the field of my education.

In this situation, as I cannot afford to make the repayment at the rate of Rs.16, 000/- per month as instructed by you, I have, with my sincere effort, availed a loan of Rs.4, 00, 000/- (Rupees Four Lakhs only) from the Society and contacted the Bank Officials to accept the said Rs.4, 00, 000/- as one time settlement towards my loan account and close the account. But, it is very sad and unfortunate that, I was then instructed by the Bank Officials to make a payment of Rs.5, 71, 578/- (Rupees Five Lakhs Seventy One Thousand Five Hundred Seventy Eight only), in order to close my loan account.

Now I humbly request you once again to accept the aforesaid Rs.4, 00, 000/­ which is taken as loan from the Society with the intention of settling my education loan account with you, considering this amount for one time settlement of the loan and close the loan account. Sir, I have no alternative, to close my loan account, which may please be noted.

Now am getting regular calls from Federal bank. Please do the needful.

I, salvin joy from kerala, india. I was denied the education loan for the under graduate course ba animation from federal bank ltd chunangamveli branch, aluva pin code 683112
Ph:[protected] ifsc fdrl0001692

They told that this year they increase the minimum cut off mark from 60 to 80%.
I got 70.4 % and i am not eligible. My father have an nri account on the same branch still they are not giving the loan

I have taken education loan of 4 lakhs in period of 2012-16, at that time no one is informing me regarding subsidy right now i am asking for subsidy to bank and they told me you didn't claim any subsidy till now that's why we can't provide you this service right now. What can i do please help me to solve this and and how to claim now and get my subsidy, if anybody doesn't any scheme then bank have to inform the consumer regarding this but no one is there .

My self Kusum i applied loan before one year ago in SBI Bank at khuharwas, district-jhunjhunu. I provided all of my necessary documents which was required by bank I did visit many time in branch but there was no solution. Bank manager has loved in his email ID on vishalakay ki portal because he has already applied his email ID on my account that is why I couldn't get my education loan so please solved my problem I m forwarding this complained herewith for your necessary action please.

Attached documents are

Sir as I am applied my educational loan before 3 months but I did not receive loan amount bank manager avoid my loan application and manager told come after 2 days I will sanction your loan but after 2 days he told another reason so please help me for my higher studies I give bank detail below sir
Bank:state bank of India vallankulam madurai
IFSC code:SBIN0071139

Dear sir,

I am vivek kumar singh resident of bihar, i have taken education loan of 2lakh 80 thousands and 500 rs this amount sanctioned in sep 2014, now when i want to repay i asked to branch manager about subsidy amount he is saying that "kyu paresan kr rhe ho[protected] to subsidy aate hain", but i saw on portal that all interest should be borne by government, sir i am eligible for subsidy still i did not get it.
Bank: state bank of india
Singhia, samastipur, bihar 848209
Branch code:03580
A/c no-[protected]
Please do the needful sir.

Thanks & regards,

Vivek kumar singh
Mobile:[protected]

I have applied firstly to STATE BANK OF INDIA in patna main branch near Gandhi maidan then they have told to open account and fill up all forms and given all my photocopy documents with self attested then after 15 Days they told me That our BANK(STATE BANK OF INDIA) doesn't Give loan to students who are studying in russia then why MCI approved colleges for Russia they should banned that country. Then again i have gone to several banks like Union bank, Hdfc, Axis, Icici, etc. which are located in PATNA, BIHAR. they told that they dont give education loan.
Then finally Bank of Baroda main branch located near dakbunglaw, patna, bihar. who agreed that they will give then they first Harass for so much Documents for 25 days then bankers do all process like sending persons from bank doing all legal works then they told that your house which iam showing as a security is too inside from road but still its market value is 70-80 lakhs and and my demand was of 24 lakhs but still they rejected because my house whom iam showing as security and my there is Retired and my mothers is also was a Government emplyoee but still it was not enough they harassed so much also with time and money and government told EDUCATION LOAN is too easy

Hon’ble Sir,

Sub: Decline of Education Loan Application ID 179671 by State Bank of India,
Dombivli West Branch (IFSC Code SBIN0005165).

I, Kaladharan R. Pillai, give below the gist of my journey for an education loan to my son, who have obtained admission through Maharashtra CET in a Govt. College for B.Tech, Computer Engg.

1. I have approached State Bank of India for the education loan in 2017 and they have declined the application for want of PAN Card for the Student. THE BANK HAS INFORMED THAT AS PER REVISED RULES OF THE GOVT., EDUCATION LOAN CAN NOT BE GRANTED TO A STUDENT WHO DO NOT HAVE PAN CARD.

2. SBI advised to apply for the PAN Card and arrange 1st year fee from friends and relatives, which will be refunded to us directly when the PAN Card is received.

3. Accordingly, I have arranged first year fee of Rs.78, 000/- along with lodging & boarding charges of approx. Rs.25, 000/- from my friends and relatives and consequently I have defaulted 2 EMIs of HDFC personal loan and ICICI Credit Card payments.

4. The student applied for PAN Card and could receive the PAN Card in February, 2018.

5. Immediately in February, 2018, we have approached SBI, Dombvili West Branch, with the application in paper mode, and SBI advised us in March, 2018 to apply in the portal of Vidyalakshmi (Application ID 179671).

6. We have been hoping that the loan will be directly disbursed to the college as and when the fee details are published by the College.

7. The 2nd year college was to start on 16/07/2018 and on 12/07/18 I have received a phone call from SBI, Dombvili West branch, that their Thane Office who is processing the application found various discrepancies in CIBIL Report.

8. I have submitted the proof of clearance/settlement of two old discrepancies and informed that that the other two defaults were occurred during 2017-18 as I had to arrange approx.. Rs.1.00 lacs in 2017-18 from outside and accordingly I could not pay few EMIs of HDFC personal loan and ICICI Credit Card.

9. I have registered my grievance with various forums (1) PMOPG/E/2018/[protected] DSEHE/E/2018/03883 (3) Dept./H&TE/2018/4814.

10. Subsequently in reply to my email dtd. 25/07/18, State Bank of India informed vide their email dtd. 25/07/18 that their RACPC Division are ready to sanction Education Loan with mother as co-borrower, but her signature required on Education Loan form as co-borrower.

11. Accordingly, we have filled up and handed over the forms to SBI Dombivli West Branch on Friday, 27/07/2018. I have checked up the status with the processing Branch in Thane on 31/07/18 and 04/08/18 and it was informed that they have not received the documents.

12. Today, 06/08/18, when I contacted their RACPC Division and the Dombivli West Branch, it was informed that their Processing Officer, in Thane, Ms. Madhuri Jadhav is on leave and when she resume office, she will look into the matter.

13. Since the fee has to be paid any day this week and I am waiting for the decision from State Bank, I request your urgent intervention in the matter.

I look forward to hear from you at the earliest.

Regards,

Kaladharan R. Pillai

Myself Arun, I taken educational loan from central bank of India.At the end some amount came unfortunately I can't get at this time after some month I got job it is not enough to my commitment how I pay to bank.in this case I asked to bank I will pay monthly some amount but bank says u need to pay whole amount to particular date otherwise we take seviour action.please suggest me how to respond to bank

I have taken n education loan from tamilnadu merchandile bank, thing is that they have started charging the interest from the date when i started my studies. But that is not fair the interest should be charged after completing the studies. So how this is fair if you re charging the interest from the date when he or she didn't even started work to pay the expenses of the bank, from that time i am paying the charges, so what is the use of taking educational loan, now i am not financially so strong that i can repay the educational loan. But the TMB people really harasses me and my family members

I am a student of class 12th from a backward village of assam, now i am selected for iihm admission by clearing e-chat 2018, my parents are the customers o[censored]co bank helem ucba0001079 branch. The manager of the uco helem branch is telling that the uco bank does not provide any education loan for futher studies in india. He totally deny to give any further info about education loan which can destroy my future, so i kindly request you to take action against the branch manager of helem brach for misleading a customer and running away from his duty. The scheme of government to provide education loan through nationalised bank vidyalakhmi is not implimenting properly in village area therefore i request the concern authority to lookinto yhis serious matter

During 2016-17 i got admission in school of excellence in law, tharamani, chennai under b.com. Llb course (5 years duration) for annual fee of rs.72000/- approx. I have applied for edu. Loan in sbi during last year itself. I was made to run from pillar to post and informed that b.com llb is not a recognized course and hence full amount of tuition fee cannot be given. Only rs.12000/- can be given against the application.

When i have joined a govt. College for a recognized course, why shouldn't i get full tuition fee as education loan. My loan application no.10713688

I have taken n education loan from sbi, thing is that they have started charging the interest from the date when i started my studies. But that is not fair the interest should be charged after completing the studies. So how this is fair if you re charging the interest from the date when he or she didn't even started work to pay the expenses of the bank, from that time i am paying the charges, so what is the use of taking educational loan, now i am not financially so strong that i can repay the educational loan. But the sbi people really harasses me and my family members when i miss my emi's. So i want you guys to settled up this loan and please take it up further as me and my family are not financially strong that i can pay the interest amount. So please look into it. Please note down my contact number [protected].

Hello,

I avail loan from dena bank in 2013 as education loan. Now i regularly paid emi and when i talk about what about my subsidy, no one is giving answer from dena bank branch gandhidham. It's been 2 year i m paying my loan on time.
Please help me out for my subsidy of interest. If any emi is late due to some personal reasons they are calling 11 times in day.

Chetan bhogayta
[protected]

I am a retired employee of Central Public Sector Undertaking and have two daughters.

I had applied for education loan of Rs. 2.60 lakhs from Punjab national Bank, Vatakara Branch, Kozhikode Distt, Kerala, to my younger daughter,
who is pursuing MBA in Coimbatore. When I contacted the Sr. Manager of the bank for he first time asking for an application form, she (the Sr. Manager) has flatly told me that the same is not going to be sanctioned. On my insistence she provided me an application form which I submitted back duly filled in along with all necessary documents. That was in the third week of September 2017.

However, after about two months the bank has started demanding several documents through e-mail messages with an intention to stop the sanction. I had provided them all the required and demanded documents and information. Despite of all these in the last week of December I have been informed that the higher authorities of the Bank has rejected my application stating that (i) my daughter has not obtained 60% marks (she has got 58.6%); (ii) Her marks MAT (entrance test for MBA) is also not sufficient. She has cleared the MAT and only on entrance test result the college authorities at Coimbatore has admitted her, and (iii) that there is no enough chance for MBA students to get a job after passing it.

I know that the PNB has already made up their mind to avoid education loan to the needy.

Of late I understood that the PNB has required amaze wealth to provide loan to people like NIRAV MODI to the tune of tens of thousands of crores by not sanctioning education loan to needy students, that too girls, so that the authorities get huge money as a token of gratitude from the Corporates only.

I would like to reach my Grievances to the Government machinery concerned so that the matter is solved and my daughter's study may not be disturbed due to shortage of funds.