RUPEETIMES.COM
Interest subsidy scheme on education loans mandated on all banks
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)
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)
Dear Sir/Madam,

Greetings of the day!!

I hope you are doing well.

This mail is in reference with the Central Government scheme to provide interest subsidy (CSIS).

Under this scheme central Government has allocated 2600 crs to provide interest subsidy to interest benefit to students in interim budget FY 2014-15.

I have taken the education loan of Rs 5.15 lacs in FY 2008-10 for my MBA program from a recognized institute, from Madhyanchal Gramin Bank (joint venture of Govt. of India, state bank of India & Govt. of M.P.). ( Earlier Rewa Sidhi Gramin Bank). It is a Regional Rural bank(RRB)

I have started paying my EMI from January 2011 i.e after 2.5 years.

When I applied the same with my branch in May’14, later when we enquired about the same with bank (Aug’14), the bank has informed us that I am not eligible for the scheme as this scheme is only applicable to defaulters (Who have not paid their EMI’s ). & they are not processing my file further for waiver. We have also contacted the Regional office but the same response is given.

Whereas, in the Govt. notification it is nowhere mentioned that this scheme is for defaulters.

I request you to pls. give the clarity on the scheme for the eligibility criteria. Whether I am eligible for the scheme or not, as my family income is less than 4.5 lacs per annum & the certificate of same has been deposited with the bank.

Request you to pls. look into the matter & revert as soon as possible.

I have also attached the notification of the central Government.

In case of any other details required from my side pls. do let me know.

Also suggest the future course of action from my end.


Thanks & regards,

Sumit Gupta
PH : 09096475320
sumit gupta (Posted: Aug 31, 2014)
AVAILED EDUCATION LOAN IN 2008 REPAYMENT STARTED FROM MARCH 2014 CAN I AVAIL INTEREST SUBSIDY DURING MORATORIUM PERIOD AS I HAD NOT PAID ANY INTEREST DURING THAT PERIOD
nikita s (Posted: Aug 22, 2014)
AVAILED EDUCATION LOAN IN 2008 REPAYMENT STARTED FROM MARCH 2014 CAN I AVAIL INTEREST SUBSIDY DURING MORATORIUM PERIOD AS I HAD NOT PAID ANY INTEREST DURING THAT PERIOD
nikita s (Posted: Aug 21, 2014)
Pages: 1 2 3 4 5 6 7 8 9
  Post your comment:  
Your Name:
Email Address:
Comment:

Enter the words above:
COMPARE QUICKLY
 Select a product:
 
CALCULATE QUICKLY
 Select a product:
 
EDITORS' PICKS
J&K Bank raises PLR
Claim tax deduction on education loan
Plan for your child
Get the basics right before applying for...
Carnival of Indian Personal Finance Blogs #3
Credit profile and its effect on loan...
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #4
Model Educational Loan Scheme: the new...
Collateral and co-applicant requirements...

NEWS THIS WEEK
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive