[Resolved]  Canara Bank — DENIAL OF EDUCATION LOAN

DENIAL OF EDUCATION LOAN FOR A MERITORIUS STUDENT

Respected sir/madam,

With due respect I Puvan S/o of Mr.Vijayakumar would like to state that i am a student Of NEHRU INSTITUTE OF ENGINEERING & TECHNOLOGY [Approved by AICTE, New Delhi & Affliated to Anna University,Coimbatore]

I had applied for education loan of Rs.2 ,90,200[Two Lakh ninety thousand and two hundred rupees] in Canara Bank,Tondiarpet Branch,Chennai-600081,TamilNadu to pursue B.E.Aeronautical Engineering which is a 4yrs course and is approved by AICTE and my parents are not financially strong that they can afford my fees. My father is working abroad [saudhi Arabia] as a tailor earning Rs.13000 per month and my mother is a housewife. The senior authorities have denied to approve my loan stating the reason that my father have to stay in India to get the education loan inspite of submitting all the needed documents including my father’s income report.I had scored 87.5 % in my 12th HSC Board.I only had one hope that through this way i would be able to go for my Higher studies. I do not find the reason for denying my loan a genuine and the correct thing to do with a chid who really looks forward for financial assistance from bank and when i had a word regarding this matter the Canara Bank Manager said that a student whose father working abroad cant be guaranteed to repay the loan so cant be granted.This has really depressed me a lot.
I really need education loan assistance from your side because my LIFE and My CAREER is at stake.I hope you would understand my situation and would pay attention on a poor and needy boy’s plead and would take action reagarding this matter quickly and revert me back so that i can shape my career.

Looking forward for a quick reply from your side

Thanking You,


Yours Faithfully,
Puvan.V
No.12/2b,Grace Garden,
Royapuram,Chennai-13.
Tamilnadu.

I am also facing the same problem in Balehonnur Bank, Chikamgalur District. The manager is don't have common sence. One month back I have given my application but nothing has done, after one month he asked me to purchase bond. I don't know, to whom i have to contact for this.

yes this is right the managers are ignoring to student