Inconsumercomplaints.com » Business & Finance » Review / complaint: Canara Bank - Education loan | News #162864

Canara Bank
Education loan

I had taken an education loan of amount two lakhs two thousand rupees from Canara bank Kalwa branch. As per the banks guidelines i had to pay the due amount after 1 year or after 6 months if i get an job which ever is earlier. But to my dissatisfaction they had started to deduce my loan amount even before i got an job and it had been just 6 months i had completed my college and i was not even notified about this deducing act via any media. And now nine months after completing my college i got an job and i had just deposited my first salary in this bank. But to my regret they just deduced my salary from my account without my knowledge even they had not given me any acknowledgement about this act.when my parents contacted the bank personals asking about this issue they are responding very harshly and not giving proper response. Now i have an job and now I'm ready to pay the amount but two months before they where telling me to pay 5000 per month as an loan installment and they also deduced the stipulated amount from my bank account twice as so. But now when contacted they are telling me to pay 8000 per month as an loan installment.and they are saying that i have to pay some 18000 pending amount which they had started deducing even before i got an job.sir please help me with this we are receiving a mental torture with this type of problems.please kindly help me with this we are just stranded by this banks act


Company: Canara Bank

Country: India   State: Maharashtra   City: Thane

Category: Business & Finance

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