State Bank of India-Denial of Rs. 5000/- taken as deposit for my son’s Education Loan

By | May 25, 2016

Subject of Complaint :Denial of Rs. 5000/- taken as deposit for my son’s Education Loan

Company / Product Name:State Bank of India

State :Maharashtra
Complaint Details : Applied for Education Loan of Rs.25,00,000/- in Credila (Without collateral) and SBI (with collateral) simultaneously. Credila grants at an interest rate of 12.95%,SBI at 11.7%. After a lot of running around between April 2015 date of application and 6th August 2015 date of sanction, the loan was sanctioned still with some conditions like I shall not be able to claim off-campus living expenses and also computer cost will not be reimbursed, etc.for disbursal of loan. My son was to fly on 8th August 1.30a.m. I was left with no other choice but take the offer from Credila. The SBI had taken Rs.5000/- as deposit for the loan which they now refuse to return saying that the case is old.

Name :Dr. Nandita Milind Ashtaputre
Mobile no :9920533944
Email address :ashtaputre.nandita@gmail.com

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