[Resolved]  Indian Bank — Education Loan

Complaint against your ayanavaram branch manager for not accepting EDUCATIONAL LOAN to my son and also for not issuing NO OBJECTION CERTIFICATE for availing loan from other bank.
I wish to inform you that I aam having savings BANK ACCOUNT bearing NO.[protected] with your bank at Ayanavaram Bank; The transsactions in the account are satisfactory and I am maintaing good balance in the account.
During the month of july 2009,I along with my co-brother approached your Ayanavaram Branch Manager for sanctioning of Educational Loan to my Son who has secured very good marks in Plus Two Examinations,
At that time the Branch Manager informed me to obtain Bonafide Certificate from the Educational Institution where my Son has been admitted and assured to sanction the loan on receipt of the said Bonafide certificate,
Though I approached the Educational Institution where my son got admission, to give the Bonafide Certificate immediately, they informed us that the same wold be issued to all the students only after the opening of the college. The Bonofide Certificate was issued only after the opening of the college. The Bonafide Certificate was issued to me during september 2009 only and immediately produced the same to the Manager of Ayanavaram Branch. Now he has informed me that the Educational Loan cannot be sanctioned to my son stating that he never assured to sanction the loan nor he informed us to bring the Bonafide Certificate from the institute. Though I am maintaining my Saving account with your Bank from 5/11/1990, your Ayanavaram Branch Manager is refusing to sanction the Educational Loan to my son.
So I kindly request you to take action and make me to get the Educational Loan to my son.

Awaiting for favourable action,
Thanking you
A.K. Hidayathulla khan.

Respected Sir/Madam,

I worked as lecturer for four years in reputed institution, Coimbatore.I have one year of research experience.I published International and national articles as my contribution for India.Currently im doing full time ph.d (Chemistry)in reputed university, Coimbatore.I approached Indian bank located in V.H.Road, Coimbatore to enquire about educational loan.Then enquired all my details that is about mu father occupation and about his account etc., i said he is doing some small scale business and his account in some other bank...He said you have to go that bank and ask loan.Ok but along with that i got the following reply from the manager that"we are corporate bank.we are not entertainin any loan"i asked which loan sir..he replied educational loan.i very much shocked with the reply

This is not just you. Its the case with all the banks in small towns. Looks like Indian banks are not interested in sending students from small towns for higher education. One bank in Sasaram, Bihar threw my admission letter on floor before my Father.

Iam Gayathri perumal from neyveli, iam in a middle class family and my father was left, and am with
my mother i studied MBA in ( Sudharsan Engineering College in Pudukottai ) through an educational loan in INDIAN BANK
in neyveli branch and now am working in a pvt ltd organisation in
chennai and am not earning that much of sufficient salary to pay my
loan, at this situation i got my marriage fixed so am struggling to pay
my educational loan, i have given so many request to the neyveli govt
officer, there is no response from them so now am sending requestation
mail to stop my educational loan

I'm prasath.my mother and father was expired.i'm studying civil
engineering.because of my poorness, i applied loan in indian bank at
ramanatham branch in 2011.even i gave the several
reminders of this matter, there is no action.atleast i gone hundred
time to met the bank manager.noaction.even rich peoples got
educational loan.but i could not.i could not attend my college classes
because of my due fees.and november 10 is my university exam
onwards.due to my fees due i won't attend my exam.now they ( cuddalore
zonal office)asking
official guardian for me.but before 1year ago, they said " offical
guardian not needed.second guarantor enough.he should be a government
employee."so i followed that.one government employee give guaranty for
me and he attached his pay certificate.but now they asking official
guardian.itwill take one or two month to get the official guardian
because of the court procedures.but november 10 is my university
exam.i can't attend because of my due fees. plz help me.plz sir.plz
give me a chance to me.please help to
get my 4 year loan amount. Plz hear my voice.their(cuddalore zonal
office)thought is poor peoples will not pay loan.so how to filter me
and they create some reasons.i won't cheat you.definitely i will pay
the govt money after i completion of my degree with in 2 years.plz
believe me.i have not source to pay the fees.because of lost my
parents, even i could not get fundamental rights.i don't have ration
card, i could not get welfare activities from the government.i removed
from the society .i mentally suffered lot.plz UNDERSTAND POOR'S
FEELING.please do the needful done at
earliest.i hope for your favourable reply.

From 2010 until 2012 she was part of the education loan (doing diploma course). A total of 45800 rupees (four installments of Rs 11450)
but now i'm doing engineering course . not i complete my studies .. indian bank ask to Rs. 67948.65 they notice for me to pay amount with over due amount Rs. 5316 ...
i could not to understood their procedure calculation of interest rate. anyone can to help me to clear my doubt ...