Tuesday, March 6, 2012

Am I entitled for educational loan?

I am a salaried person. I have salary account in State Bank of India. I want to take educational

loan for my son from Syndicate bank. Branch Manager of Syndicate bank is saying that I can not avail educational loan from Syndicate bank because I do not have salary account there.

Is branch manager fooling me ?Am I entitled for educational loan?
Why don't you take it from STATE BANK. ? Their charges are lower.Am I entitled for educational loan?
1. The manager may want to add u in his branch for salary account to increase his rating or so. As there is no such rule.



2. U may contact for another branch but assure that u will have a normal saving account with them its must for loan.



3. U may contact another bank for education loan.



4. Or contact 'Credila' they will provide u loan from HDFC with less hassle to u.Am I entitled for educational loan?
Yes, totally fool you. I have my own education load from Dena bank and have only saving account which I did not used from time of load. That account was created shake of getting loan.
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