[Resolved]  Indian Bank - Education Loan — Reg. Education Loan Rejected

Indian bank- Educational loan — Not releasing the sanctioned amount

I am currently a physiotherapy master’s student in UK. I have sanctioned an educational loan for 7. 5

Lacks loan in Indian bank, ethiraj salai branch for my masters in abroad on august 2008 (The total cost of study for one year is around 14 lacks – Fees, 9200 GBP & living expenses – 7200 GBP). The loan was released on September 23 rd 08 for 4617 GBP. I paid my full fees prior to the sanction after confirming with the bank staff that I can re - emboss it and I submitted all my receipt in branch before leaving India. (I did this because there was a delay in releasing the loan and already I missed one week class).

But they didn’t give me the full amount sanctioned initially, A.G.M (Mr. Padmakumar) said “”I will release the amount every 3 months you just send us a mail”. When I sent mail in December 08, again with scanned copy of my receipt, Progress letter and all the needed documents, they took nearly two month to release the amount after 5 to 7 mails and almost 10 phone calls, and of all I sent my uncle in India directly to branch to release the amount – 1459 GBP on 11th February 09.

Now the A.G. M is telling you are not eligible for further release Of loan. Finally I mailed A.G. M directly on 24 th march 09 and there was still no reply, called the Loan officer many times but no use, when my uncle went in directly to see A.G.M, he was refused.

How can they refuse to release the already sanctioned amount? That too they are telling after coming
Here (UK), If they told you are not eligible I would have made some alternative. I am helpless now, due to
Credit crunch it’s really difficult to manage here. To extend my post study visa for another two years I have to maintain 800 pounds in my account for 6 months, otherwise they will send me back to India. In this stress I couldn’t concentrate in my studies.


I have gone through a lot and lot of trouble with that branch from the beginning (For my loan process I went directly to branch almost thrice a week for nearly 3 months- because of Mr. Ramasamy, the loan officer, he Will send me back without any cause and asks me to come next day, and finally made fun of me how did you get the visa? I have lost interest in my studies because of these people. They are the worst branch in service, I feel). No student like me should face such a bad situation and suffer in abroad in future.

My University also interferred inbetween and provided support letters, but there is no use.I filed complaint to head office there is no proper response. They said we cant do anything if you want you have to contact AGM, inspite of telling them I already did. when I phoned him, he was just shouting in very high tone not letting me even to speak. The loan was sanctioned in Rupees, now AGM is calculating in pounds. AGM told you paid the full fees only for getting discount, after discount also they have to give me 1614.80 GBP:

Total fees- 10000 GBP

(A1) After 8% discount - 9200 GBP
(A2) Living expenses - 6500 GBP

Total: A1 + A2 = 15700 GBP


Student Margin 51.01% = 8008.57 GBP
Bank loan 48.99% = 7691.43 GBP

But the loan given was:

1st term release = 4617 GBP (Dated[protected]
2nd term release = 1459.63 GBP (Dated[protected]
Total loan released = 6076.63 GBP.



(B1) AS PER BANK SANCTION 48.99% = 7691.43 GBP
(B2) BUT RELEASED AMOUNT WAS = 6076.63 GBP

LOAN AMOUNT DUE (B1) - (B2) = 1614.80 GBP.

Kindly take an action as early as possible and help me by releasing the remaining amount.
Hope atleast you will help me in getting justice.

Regards:
Karthiyayini.
Glasgow Caledonian University,
United Kingdom.

INDIAN BANK (ANNA NAGAR) — NO RESPONSE ON NEW LOANS (EDUCATION LOANS)

yesterday i went to anna nagar indian bank regarding educational loan i met the manager he simply says no loans available wat the hell service they doing i dont know

Bank — Educational Loan Complaint

I am Dnyanehwar Patil studing in MCA 3 year .I have submited my documents in bank...but Maneger cant allow me for the educationl loan.

please tell me what can i do....?

marks.....
class Marks
10 53%
12 63%
BCA 61%

Respected sir, I am the B.tech 2nd year student of Atel Bihari Vajpee Indian Institute of Information Technology and Management. I belongs to a poor economical week family. I have applied for bank loan in Bank of India. But the manager of Bank of India did not allow me for loan.The students who have not their guardians or property how can they get loan.We have not any property to put on as security. So please help me.

My Academics performances are:

10 board:- 80% utter pradesh board hindi medium
12 board:- 86% utter pradesh board hindi medium
B.tech CGPA:- 7.65

I am waiting for your reply sir please help me as soon as possible.

Education Department — LOANS

SBI CIVILLINE BRANCH SAGAR LOAN DENE SE INKAAR KIYA. VYAVHAR THEEK NAHI KARTE.
BAR-BAR KARYA KO TALTE HAIN.
PARESHAN KARTE HAIN. BAAT NAHI KARTE.
KAHTE HAIN "GET OUT"
KAHTE HAIN JAB TAK MAIN SEAT PAR HOON TUMKO LOAN NAHI MIL SAKTA.

my loan application accepted (or) not my loan sanction or not sactioned.please reply to my address.

ear Sir,

I am Lakshmi Narasimhan from Srirangam at Trichy.As my daughter has got admission for MBBS from Tbilisi State Medical University at Georgia So I have contacted your Indian Bank Srirangam Branch and circle office also.They simply told me to submit valuable collateral for getting the same.I don't have any collateral.I am middle class person also.Where I will go for collateral.The Indian bank told to submit my collateral or third party collateral.How third party will give their property document for me?Also they told me some stories for avoid to give education loan.The Indian government recently announced and released funds nearly 500 crores for education loans but the concern Indian bank branch managers and officers are not taking risks to sanction the same.Today also I met your Srirangam branch manager Mr.Narayanan, he simply told me to give collateral.I will also go to saudi for joining in a leading civil and construction company in next week before I want to arrange everything for my daughter.I told the concern branch manager that I will give income proof and open NRI account and arrange to transfer all my salary to NRI account here but he has not agreed anything, he is asking only collateral.The Indian govt.clearly mentioned that 4 lakhs for india and 20 laksh for abroad studies without any collateral.My daughter MBBS course is for 6 years and fee expenses comes around nearly 20 lakhs for 6 years.If bank say like this, where will I go?

Please arrange to take necessary steps in this issue or otherwise I will send the same to education department and send the same to state and central ministers.

Your earlier action is highly appreciated.I am awaiting for your proper response.


With best regards,
Lakshmi Narasimhan(Srirangam)

Reg Educational Loans — Attitude of Branch Manager

Dear Sir,

This is to bring to notice the attitude of branch managers. I had been to the State Bank of India, to enquire about an educational loan. The manner in which the branch manager stared at me, a girl, was really hurting. His looks were disrespectable. Please train your branch managers, with some ethical values.

This attitude needs to be condemned. Dont these fellows have sisters or daughters.

They need to be booked under eve teasing, someone needs to bell the cat.

Rgds
Nataraj

Bank — Educational loan

Can I approach consumer forum to en-quire for not giving response or education loan after submitting all documents

Indian Bank — EDU-LOAN

SIR,
I currently trying to apply for education loan (M.C.A) in Indian Bank.
But not yet i receive application atleast....
I paid all outstanding amount which i got while am studied my undergraduate (B.C.A) ...
The Manager of Indian Bank(kolathur branch) doesn't responding...
If it continues it may cause break off my studies....
for confirmation here is my acc no[protected]

I am RAJESH WARAN.K I am doing 2 yr M.sc Microbiology Karpagam University coimbatore. I applied for an education loan for indian bank (2.8.2010)(chinnamanur branch)madurai main branch .I have given my tution fees Rs 55, 000/ as bonafide.But they have given only Rs 10, 000/ after four month(4.1.2011) . I Don’t get that amound. I am basically from an agriculture family and I am affected mentally and finacially ..so kindly request you give me full fees.

Bank — inconvenience banking with allahabad bank, nfc

We have very bad experience against Allahabad Bank, New Friends Colony, Near Surya Hotel. We have been going there since three to four months, but the staff sitting there told us that there is no CBS facility is provided over there neither they a accept clearing cheques of other branch. We cannot drop the cheque there. There is no any facility like ATM. We go there since three months for all these irregularities, reply is shortage of staff. Every time they says next week all facilities will start. On saying of Branch Manager, we turned our mind from other banks to yours and started depositing our staff salary cheques over there. But due to all these inconvenience, we are left with no way out.

We are surprise how bank is managing this NFC Branch expenses i.e. Salary, Air Condition Maintainence & all other expenses when they are not accepting any business from customer. As per your wellwisher, I want to make you aware of non - working conditioned of newly opened branch.

Please take necessary measures to streamline the banking operations.

Regards

Your Valuables Account Holders.

Indian Bank — they don't give me a education loan

sir i am from Tamilnadu ..i join MBA in Koshy's College ,Bangalore University.Bangalore..FEES is 360000 ,i am approach bank loan to Indian bank,but they tel we not provided loan to this college..and they tel more reason.and they avoid me..my UG Percentage is 72%..i am don,t have any arrear..

I am P.Uma maheswari, doing M.E in Ganadipathy Tulsi's jain Engineering college, vellore. I applied for an education loan in "INDIAN BANK, PATCHUR BRANCH-01454"" in ln[protected] for Rs2, 47, 000. I already got loan for B.Tech( counselling ) in the same branch about Rs.3, 25, 000 . i need to extend this loan for PG studies.But now they rejected my application for M.E, since i got management seat. my college is under ANNA UNIVERSITY. i provided all needed details with surety. the only reason my application got rejected is the seat from management. i was expecting the loan to pay the fees. now i am facing problems in college for paying the fees due to this sudden rejection. my family background is too poor. i don't have any other resources to pay the fees. so please help me to get the loan..