Sir I applied for Educational Loan for my Sons who is studying in SRM IHM Bsc for R.s 400000 and and i got a reply from the bank that that iam eligible for R.s 109000 and when i went and approached Mr Mohan AGM he guided to one of his Manger he said that it is the Policy laid by Justice Balasubramaniam and approved by Secretary to Tamilnadu Govt as per policy is 4750 per year and for 3 years is 14000 and odd but in bank they are publishing for all sort of fees including lap top and Motor cycle .I dont know they are publishing false criteria and if parents approaches they show this policy which was executed in the year 2012 What is the use of lower amount to avail as educational Loan Along with this advertisement of bank is appended below 1. Purpose for which the loan can be availed: The loan will be sanctioned for extending financial assistance to deserving / meritorious students for pursuing higher education in India and abroad. 2. Courses Eligible: a. Studies in India: ? Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc ? Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc ? Teacher training/ Nursing courses approved by Central government or the State Government ? Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping ? Vocational Training and skill development study courses will not be covered under the Education Loan Scheme, A separate scheme for ‘Loans for Vocational Education and Training’ has been launched which covers financing for such Vocational courses b. Studies abroad: ? Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities ? Courses conducted by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in USA etc. 3. Student Eligibility: ? Should be an Indian National ? Secured admission to Professional/Technical courses through Entrance Test/Selection process. ? Secured admission to foreign university/Institutions. ? No minimum qualifying marks stipulated in the last qualifying examination 4. Expenses Considered for Loan: ? Fee payable to college/school/hostel: Where the student will be making his own boarding and lodging arrangements, the sanctioning authority is authorized to fund boarding and lodging expenses on the basis of estimate submitted by the student/ parent, provided such expenses are not more than those charged by the educational institution for boarders. ? Examination/Library/Laboratory fee. ? Purchase of books/ equipments/ instruments/ uniforms, Purchase of computers – essential for completion of the course. ? Any other expense required to complete the course – like study tours, project work, thesis, etc. considere

I want my Loan amount to be raised upto 400000 and at least the bank should sanction what has been quoted in Bonafide Certificate for all sort of fees rather only considering for tuition fees

Email Id: subramanianvk7@gmail