[Resolved]  PNB — DIDN'T GeT WRITTEN REPORT AFTER REJECTION OF MY APPLICATION OF EDUCATION

To,
WHO SOEVER IT MAY CONCERN,

Respected sir,
This is LALIT TYAGI s/o SH. M.L. TYAGI, residence B-200, BRIJ VIHAR, GHAZIABAD, U.P. filled an application for education loan on 16th march, 2009 with two copies of all my documents as stated on bank website (link- http://pnbindia.com/english_web/c_vidya.htm )
Check List

While applying for the loan, the borrower is required to furnish the following information/papers:


Loan application on Bank's format.
Passport size photograph
Proof of Address(Permanent) / ID Proof.
Proof of Age.
Proof of having secured pass marks in last qualifying examination.
Letter of admission in professional, technical or vocational courses.
Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned.
Details of Assets & Liabilities of parents.
In case loan amount is above Rs.4.00 lacs :
*. Detail of Assets & Liabilities of parents/co-obligants/ guarantors.
*. In case loan is to be collaterally secured by mortgage of IP, Copy of Title Deed, Valuation Certificate and Non Encumbrance Certificate from approved Lawyer of the Bank to be obtained at the cost of the borrower.
Photocopy of Passport & Visa, in case of study abroad.
Any other document/information, depending upon the case and purpose of the loan.


after securing my admission in POST GRADUATE DIPLOMA IN MANAGMENT [BANKING AND FINANCIAL SERVICES ], AICTE approved, and depositing RS.1, 30, 000 as first fees instalmenrt on 12th march, 2009 in ASIAPACIFIC INSTITUTE OF MANAGMENT, plot no. 3and 4, Institutional area, Jasola vihar, New Delhi-25,
in PNB, Brij vihar branch, ghaziabad.
But, application was rejected from the PNB hub, Ghaziabad, due to submision of incomplete documents send by branch manager SH. MAHINDER SINGH as we already submited all our documents stated above. On 23rd march, 2009 we again filled an application with complete documents.
ON 1stAPRIL, 2009 my father visited Ghaziabad hub, where Mr. RAVINDER told our application have been rejected due to reasons
1)my institute is not in Bank's list.
2)and I am not a maritorious student.

AND same i found on a report written by the hub while getting my documents back from branch manager on 4thAPRIL2009. AS i demanded written report as mentioned on PNB WEBSITE ( with link - http://pnbindia.com/Fair%20practices%20code.htm )

c) Wherever possible, the main reasons, which have lead to rejection of the loan applications of all categories of loans irrespective of any threshold limits, including credit card applications, shall be conveyed to the applicant.

But i didnt get written report by the manager.
As far as reasons are considered for rejection of my application. following are cleared as under:-
1)my institute is not in Bank's list.
My institute as well as my course is AICTE approved.It is clearly mentioned on my institutes website (link - http://www.asiapacific.edu/admission.html#loan) that college have tie up with PNB for education loans.
And even PNB is selling college prospectus and i purchased my prospectus from PNB branch Mayur vihar phase 2.
Nearly 90% of my college students are studing by loan and nearly more than half have sanctioned their loan from PNB.


2)and I am not a maritorious student.
It is clearly mentioned in PNB website (link - http://pnbindia.com/english_web/c_vidya.htm)
Student eligibility


Should be an Indian National.


Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process..
Among all the elligible conditions, I have secured admission in professional
course. Cleared entrence test conduted by ALL INDIA MANAGMENT ASSOCIATION
ie. MAT with 85%. Cleared merit based selection process ie. cleared GROUP DISCUSION and PERSONAL INTERVIEW.
After clearing all these processes, am i not a meritorious student?


SIR, I am a science graduate from UNIVERSITY OF DELHI and doing POST GRADUATE DIPLOMA IN COSMETOLOGY from UNIVERSITY OF DELHI, that will be end this month,
And want to study further for sake of my future, my parents and to serve my country land.
SIR, government is planning alot for faster and inclusive growth.and planning commission
have increase in provision of BHARAT NIRMAN for education sector by 34.25% ie. RS 32, 352 crore.

EVEN, DONT I DESERVE THIS LOAN OR NOT. CHOICE DEPENDS ON YOU.

Thank you, Namaste

regards

yours truly
LALIT TYAGI
B-200, BRIJ VIHAR, GHAZIABAD, UTTAR PRADESH
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