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Interest subsidy scheme on education loans mandated on all banks
Sir, I had taken educational loan of Rs.148000 from SBI during 2007-2011. The bank taking monthly interest of Rs.740 every month until now since 2008. My repayment period started from Dec 2012. Because I pursued my PG during 2011-2013 I didn\'t repay the main amount and keep on paying the interest of 740 only. Now the bank holding my account and today I have received the court notice from bank to repay the amount within 7 days. Recently I got job and ready to repay in EMI. But the bank asking 70000 to open the account and then in EMI. I am not in a position to pay more than 30000 to open the account. Also the bank saying no subsidy for me. What I have to do now.
K. Vijayakumar (Posted: Aug 8, 2014)
Sir, I had taken educational loan of Rs.148000 from SBI during 2007-2011. The bank taking monthly interest of Rs.740 every month until now since 2008. My repayment period started from Dec 2012. Because I pursued my PG during 2011-2013 I didn't repay the main amount and keep on paying the interest of 740 only. Now the bank holding my account and today I have received the court notice from bank to repay the amount within 7 days. Recently I got job and ready to repay in EMI. But the bank asking 70000 to open the account and then in EMI. I am not in a position to pay more than 30000 to open the account. Also the bank saying no subsidy for me. What I have to do now.
K. Vijayakumar (Posted: Aug 8, 2014)
Sir, I had taken educational loan of Rs.148000 from SBI during 2007-2011. The bank taking monthly interest of Rs.740 every month until now since 2008. My repayment period started from Dec 2012. Because I pursued my PG during 2011-2013 I didn\\\'t repay the main amount and keep on paying the interest of 740 only. Now the bank holding my account and today I have received the court notice from bank to repay the amount within 7 days. Recently I got job and ready to repay in EMI. But the bank asking 70000 to open the account and then in EMI. I am not in a position to pay more than 30000 to open the account. Also the bank saying no subsidy for me. What I have to do now.
K. Vijayakumar (Posted: Aug 8, 2014)
Sir, I had taken educational loan of Rs.148000 from SBI during 2007-2011. The bank taking monthly interest of Rs.740 every month until now since 2008. My repayment period started from Dec 2012. Because I pursued my PG during 2011-2013 I didn\'t repay the main amount and keep on paying the interest of 740 only. Now the bank holding my account and today I have received the court notice from bank to repay the amount within 7 days. Recently I got job and ready to repay in EMI. But the bank asking 70000 to open the account and then in EMI. I am not in a position to pay more than 30000 to open the account. Also the bank saying no subsidy for me. What I have to do now.
K. Vijayakumar (Posted: Aug 8, 2014)
Sir, I had taken educational loan of Rs.148000 from SBI during 2007-2011. The bank taking monthly interest of Rs.740 every month until now since 2008. My repayment period started from Dec 2012. Because I pursued my PG during 2011-2013 I didn't repay the main amount and keep on paying the interest of 740 only. Now the bank holding my account and today I have received the court notice from bank to repay the amount within 7 days. Recently I got job and ready to repay in EMI. But the bank asking 70000 to open the account and then in EMI. I am not in a position to pay more than 30000 to open the account. Also the bank saying no subsidy for me. What I have to do now.
K. Vijayakumar (Posted: Aug 8, 2014)
i have taken education loan from SBI in July 2013. I am eligible for availing the benefits of interest subsidy but my bank manager told me to hold on as according to him the interest subsidy policy has not been started yet.
Please inform me what further actions do I need to take.....
Preeti singh (Posted: Aug 2, 2014)
my sister has taken education loan from bank year 2011 weather she can get interest subsidy in csis scheme
bharatjain (Posted: Jul 28, 2014)
I have taken education loan of 2 lakh from Bank of Baroda in Sept 2008, but my bank manager is not ready to accept the Interest subsidy policy which was announced by Finance Minster in Interim Budget 2014. Please tell me the process how should I take the action against the bank
Himanshu Agrawal (Posted: Jul 27, 2014)
I have taken education loan of 2 lakh from Bank of Baroda in Sept 2008, but my bank manager is not ready to accept the Interest subsidy policy which was announced by Finance Minster in Interim Budget 2014. Please tell me the process how should I take the action against the bank
Himanshu Agrawal (Posted: Jul 27, 2014)
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Henry (Posted: Jul 24, 2014)
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