#1  
12th January 2014, 05:31 PM
Unregistered
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What to do if Bank says that they do not provide loan?


l am manjeet from sonipat (Haryana). i want to get the education loan and l am go to bank but the manager told me that this bank is not provide the education loan. plz tell me what l do in this condition.




  #2  
12th January 2014, 11:36 PM
jxsab
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Join Date: Mar 2011
Location: CHENNAI
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Default Re: What to do if Bank says that they do not provide loan?

Quote:
Originally Posted by Unregistered View Post
l am manjeet from sonipat (Haryana). i want to get the education loan and l am go to bank but the manager told me that this bank is not provide the education loan. plz tell me what l do in this condition.
Hey friend,

It's quite simple,as you have said that a bank didn't give you Loan for Education,it dosen't mean that you are not going to get Loan at all.There are many banks in India in which you can apply for Education loan and their terms differ according to the banks which you prefer.

The Interest rates will differ from bank to bank and there are many banks which you can prefer and there are certificates which are needed to be submitted in order to verify your identity and records.The things which you need to submit to get a Education loan are:

>> The completed Education Loan Application Form.
>> Your Mark sheets of last qualifying examination
>> Proof of admission scholarship, studentship
>> Schedule of expenses for the specified course
>> 2 passport size photographs
>> Borrower's Bank account statement for the last six months
>> Brief statement of assets and liabilities

If you submit all these the bank will verify and check whether you are trusted to give a Loan and if you are then you can get the loan sanctioned from the Branch Manager.

ALL THE BEST




  #3  
13th January 2014, 10:11 AM
SudeepKumarSaha
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Location: India
Posts: 8,583
Default Re: What to do if Bank says that they do not provide loan?

You have approached the wrong bank. There are many nationalized banks in India - both public as well as private ones who provide education loan easily. Moreover, they advertise and even send agents to get more and more candidates for education loan. Since the bank you approached has said that they do not provide education loan, so you need to approach branches of different banks to get the education loan sanctioned.

You can get your education loan sanctioned from various banks like :-

- State Bank of India
- Bank of India
- Canara Bank
- UTI Bank
- United Bank of India
- Punjab National Bank
- Allahabad Bank
- Axis Bank
- ICICI Bank
- HDFC Bank and many more private banks.




  #4  
20th January 2014, 02:36 PM
ChakrabortyP
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Join Date: Dec 2013
Posts: 2,099
Default Re: What to do if Bank says that they do not provide loan?

Any nationalized banks provide student loan provided you fulfill all the required terms and conditions. Education loans mainly depend on the worthiness of the borrower. It is completely bank’s discretion to sanction the loan after assessing the credit worthiness. In a way, the bank also checks out the merit of the borrower. You have to appear in the entrance examination and score good marks for securing the loan.
If your course fee is between Rs 4 lakh to Rs 7.5 lakh, you need a guarantor who promises to pay the amount in case you fail to pay back the loan. You need documents like passport size photo, income proof/latest income tax return, last 6 months bank account statements during the sanctioning.
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  #5  
23rd March 2015, 06:05 PM
mohitvats86
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Join Date: May 2011
Location: Dilshad Garden, Delhi
Posts: 71
Default Re: What to do if Bank says that they do not provide loan?

This is not necessary that all the banks in your vicinity, can give you an education loan. The bank which you have approached in past for the education loan, may be a service branch of the bank. Service branches have limited rights, So they have denied directly for your loan. Don't upset, go to their main branch, they have full rights to your loan query specially they have a loan chamber separate for these things.
You can apply online for your education loan. The link useful for you are :-
1. SBI online form for education loan
https://www.sbi.co.in/user.htm?action=sbiEdulLoan
2. Axis bank online form for education loan
http://www.axisbank.com/personal/loans/education-loan/how-to-apply.aspx
3. Bank of Baroda online form for education loan
http://www.bankofbaroda.co.in/education-loan-form.asp
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  #6  
24th March 2015, 10:29 AM
MECHANICAL POWER
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Join Date: Dec 2013
Location: INDIA
Posts: 303
Default Re: What to do if Bank says that they do not provide loan?

Dear friend ,
There are many bank which always give education loan , just you fill some conditions of bank .
if you are not interested to take loan from bank ...their some other options from where you can complete your education ..
1 fill the scholarship form . many scholarship are avillable in India online.

2 You take help from your relatives.

thank you.
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  #7  
25th March 2015, 10:32 AM
SmilyRishu
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Join Date: Mar 2015
Location: YAMUNA NAGAR
Posts: 428
Default Re: What to do if Bank says that they do not provide loan?

Hello friends..

Now there are a lot of bank available for provide d the study load at cheapest rate for getting the loan follow the steps as given below....

...First of all go to the bank

...Then take a form of bank loan and fill it

... Now attach the prove like DMC etc.

... Then give the form to the bank manager

... After that your loan services are activated

Thank you
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  #8  
25th April 2015, 10:19 AM
havvedprakash
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Join Date: Apr 2015
Posts: 115
Default Re: What to do if Bank says that they do not provide loan?

Don't worry if the bank says it can't provide loan then you can apply for it in some other bank.

Just visit some other nearest bank and meet the branch manager and ask the procedure to apply for the loan.
Take the bank loan form ant fill the required details, attach required documents like Address proof, Mark sheet of your previous qualifying exam, 2 passport size photo and other required details.

State Bank of India provide loan at the cheapest rate, I suggest you to visit SBI branch.
Loan will be provide at the rate of around 13%.
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