Ministry Of Finance Govt. Of India — education loan

Address:Chennai, Tamil Nadu

I mr. Ramaiah senior citizen of india request that :
Got education loan from union bank of india, chennai. Interest is being charged @12.5% from the date of sanction of loan. The same bank now is charging 8.7% for car loan and 8.3% for house loan. Subsidy is not being given for the loan. Moratorium period for charging simple interest is study period and 6 months after study period. My son completed his course from june 2017. The bank is charging the compound interest from june onwards.
I humbly request you to accord subsidy for the study period interest and advise the bank to charge simple interest for another 6 months.
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Oct 13, 2017
Updated by Bollenane Chenchuramaiah
I Mr. Ramaiah Senior citizen of India request that :
Got education loan from Union Bank of India, chennai . Interest is being charged @12.5% from the date of sanction of Loan . The same bank now is charging 8.7% for car loan and 8.3% for house loan . Subsidy is not being given for the loan . Moratorium period for charging simple interest is study period and 6 months after study period. My son completed his course from june 2017 . The Bank is charging the compound interest from June onwards.
I HUMBLY REQUEST YOU to accord subsidy for the study period interest and advise the Bank to charge simple interest for another 6 months .
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