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Interest subsidy scheme on education loans mandated on all banks
sir, i have avail edu loan in 2005 from boi for mbbs corse rs 750000/ out of which rs 11500/where disb after 1/4/2009 and int subsidy on that rs.11500/ rs 869/recd. than i have secured admission in ms ,so moratium period extended ,no further loan for ms (i e post graduation) WAS TAKEN. AS ON NOW NO REPAYMENT STARTS and also int is not capitalised. ifeel i am eligible for int outstanding as on 31/12/2013.so i contected boi but they interprited that i am not eligible for subsidy because i got subsidy once.(rs 869/ on disb after 1/4/2009-) BUT as per seheme onces means student is eligible for either graduation or post graduation once.so please guide me and suggest what i shoud do my loan a/c no is 312072200000552 yours faithfully-bharat popat
bharat popat (Posted: Oct 15, 2014)
sir i have taken loan Coporation bank in 2007 to 2010 Capital amount 1,80,000 till i paid rupees 1,40,000 but my balance amount now 1,85,000 interest subsidy given only 7,000 so pls let me know actual subsidy amount Government announced full interest subsidy but i got 7,000 rupees
Gobinath (Posted: Oct 13, 2014)
hi ,i hav taken education loan of 1,60,000 from sanctioned 2lac rupeesin nov 2008.and 40,000 rupees deducted for interest from sanctioned amount during my studies period itself.now i am paying remaining amount by instalments. am i eligible for repay of interest amount what i hav paid.
jyothsna (Posted: Oct 9, 2014)
sir i have taken loan of 1.90 lakh from Coporation bank in september 2009 for MCA.my income is below 1 lakh at that time but got subsidy for that year only.and i was also asked to pay interest after the course and i paid around 60 thousand up to at the time.but now interest of 60 thousand around is added to the original amount.so please tell me how to claim for subsidy.
Manish Kumar (Posted: Sep 27, 2014)
sir,
i have taken 235000 rs, from pnb in the year 2008 and my financial position is week .i completed my course in 2011, i have no job job right now ,sir am i eligible for the interest subsidy scheme, pls help me sir....
thanks
Rovin kumar (Posted: Sep 18, 2014)
My name Mrs Grace i applied for a loan of 15000usd from a scam pretend to be a loan lender he rip me off the some of 2000usd,i was totally frustrated so a good friend of my from UK told me how she was rescued when she was scam by the same lenders so she testify to me how she was rescued from a loan lender called Mr Razaq Azeez who gave a loan amount of 30000usd and i am now a family of 2 and i am happy today God will bless him more and more so contact him so that he can also give you loan amount you need here is the email: razaqazeezloanfirm @ outlook.com
James (Posted: Sep 17, 2014)
My name Mrs Grace i applied for a loan of 15000usd from a scam pretend to be a loan lender he rip me off the some of 2000usd,i was totally frustrated so a good friend of my from UK told me how she was rescued when she was scam by the same lenders so she testify to me how she was rescued from a loan lender called Mr Razaq Azeez who gave a loan amount of 30000usd and i am now a family of 2 and i am happy today God will bless him more and more so contact him so that he can also give you loan amount you need here is the email: razaqazeezloanfirm@outlook.com
James (Posted: Sep 17, 2014)
Respected sir ,
i have taken rs 1,38,000 from punjab national bank in the year 2009 right from that day i dint payed my interest.i completed my course in 2013 ,sir am i eligible for the interest subsidy scheme. please help me out this sir
Lavanya (Posted: Sep 12, 2014)
Respected sir ,
i have taken rs 1,38,000 from punjab national bank in the year 2009 right from that day i dint payed my interest.i completed my course in 2013 ,sir am i eligible for the interest subsidy scheme. please help me out this sir
Lavanya (Posted: Sep 12, 2014)
I have used educational load for my MBA on 2013 with Canara Bank, & i completed course in 2015. While applying loan i thought there is no interest in studying period. But once i complete the course in may2015. But suddenely one day on June2015 bank persons calculate the interest from 2013 onwards & forced us to pay immediately by every month .
My Question is :-
1. Whether interest is applicable for studying period.
2. I read in Newsletter , Mr.Chidambaram (Minister) had cancelled the interest for Educational load, ( Regarding this bank persons telling, No instructions came to them)
3. As per above information . what is my position. My Family Annual Income will 2 L

If the Interest is applicable form 2013, then why suddenly they calculated in 2015. Both are same . No matter of date they imposed on us . Amount is same.

Kindly anyone direct me in this . Whom I want to contact for better clarification

Regards
Arief
9865796403 / arief3012@gmail.com
Arief (Posted: Sep 5, 2014)
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