Education and Career Forum

I was taken an education loan of 4 lakh from PNB and now I have completed course but not get yet job. Please tell me what are the conditions to get subsidy in repayment? How to write a letter to bank manager for subsidy in education loan?

To get a subsidy in repayment of education loan from PNB, you need to fulfill the following conditions:

• The student should belong to an economically weaker section or low-income group.
• The loan should have been availed on or after April 1, 2009, for pursuing a recognized technical or professional course in India.
• The student should have completed the course within the scheduled time.
• The annual gross parental income of the student should not exceed Rs. 4.5 lakh.

To write a letter to the bank manager for subsidy in education loan, you can follow the below format:

Your Name
Your Address
City, State, Pin Code
Date

The Branch Manager
PNB Branch Address
City, State, Pin Code

Subject: Request for subsidy in repayment of education loan

Dear Sir/Madam,

I am writing this letter to request for a subsidy in the repayment of my education loan account number _______ availed from your bank for pursuing my ________ course.

I have completed my course but have not yet found employment. Due to my current financial situation, it has become difficult for me to repay the loan amount. I would like to request a subsidy in the repayment of my education loan as per the guidelines of the government scheme.

I fulfill all the necessary conditions for the subsidy, and I request you to kindly consider my request. I have attached all the required documents as per the scheme's guidelines for your reference.

I would be grateful if you could look into the matter and provide me with the necessary assistance in availing the subsidy. Thank you for considering my request.

Yours sincerely,
Your Name and Signature