[Resolved] State Bank of India — SBI Education Loan Subsidy & Grievance
My Father taken an educational loan from SBI Attabira for my BE Cource ,having an Education Loan Account No of[protected].After taking of 2nd installment, my father died and the third & fourth installment also taken as usual.I have complete my B Tec degree and the loan repayment start.
While discussed with my friend, they told me they have got interest subsidy from their bank.Based on that i have talk with bank manager and ank manager told me, yes such type of subsidy are there if annual income of your family is less then 4 lac and after submission of income certificate, and a list of document.
When i have given him all the document, he did not received the document & told me the time has elapse.The same case happen in the year 2011,2012 also. Further he avoid to talk with me & my mother.
With the current salary i am able to repay only Rs 11000/-,& monthly interest added by bank is proximately Rs.6000, so the balance is deducted from my old accumulated interest.If this process is continued , i will never repay the loan amount in my lifetime.
Further when i have talk about any grievance & any other way of getting subsidy, the bank manager is treating in a bed way.
So please take any action against him and suggest the way as o how i can got any subsidy or grievance.
Madhu Mati Agrawal
Complaint marked as Resolved Aug 13, 2020