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  #1  
7th December 2016, 03:13 PM
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Whole criteria to apply for an education loan at SBI if already cancelled it due to demonetization?


Hello sir, I was applied for an education loan at SBI but due to demonetization bank rejects my application. Please tell me with whole criteria and procedure to apply for education loan at SBI again?




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  #2  
15th December 2016, 12:13 PM
Blessmegod
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Join Date: Apr 2015
Posts: 4,947
Default Re: Whole criteria to apply for an education loan at SBI if already cancelled it due to demonetization?

There must have been some discrepancy in any of documents which you have submitted for sanction of education loan from State Bank of India. There are two effects of demonetization at present:

*First bank is not accepting loan application forms due to heavy burden on cash withdrawal, notes exchange and management and it may be reason for rejection of your application form as all loan sanction department employees of bank is also engaged in cash related issues.

*In coming time, due to demonetization, interest rate on education loan and other product is bound to decrease as cash available with bank to lend will be more.
Do you have any question? or have anything to say?



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