Wednesday, May 23, 2007

My problems to get an Educational loan from India

I went to a manager of a Public sector bank yesterday along with my uncle. My uncle knows some of the key contacts in that bank. We went there and after showing up all the documents the manager told that they are not giving loans that actively these days.

We have shown my B.Tech Degree certificate from NIT Warangal, I-20 and loan approval letter from Kelley. He asked about the kelley loan and told that it may be difficult to get a loan because I already have a loan from Kelley and it is going to be burden some on me to repay. He is skeptical that betting on me is a huge risk as I have to repay around 40 lakhs in loan (Kelley loan + this loan). He told that he will speak to the regional office and will let us know. I understood that this is going to be a fruitless task. Let us see what happens. I am fighting tooth and nail with the little contacts I have to connect to some of the bank managers and convince them for loan. We know a bank manager in Hyderabad but we don’t have any assets to show as surety. So the problems continue..

On the job front, I have decided to put my papers in the first week of June. My current manager is very friendly he doesn’t know about my MBA. He is involving me in each and every task and am happy for that. But it may get difficult for him to do the things with a new resource if I go very late. So, don't want to bother him. I will tell early so that he can make his plans.

4 Comments:

the being said...

You've got mail :-)

Anonymous said...

you have some amazing links on your side-bar, i am surprised to note why i didnt notice it before. thanks for sharing - i am hoping i dont get overwhelmed ;) you thinking of consulting i should guess,

D A said...

@forrest:
Thnanx. I hope they help all of us :) .

Ya.. I am looking at Operation, Supply Chain and consulting.

Anonymous said...

I had a great time with supply chain for a while, it was very interesting and has a lot of future.

I'm sure you'll manage, friend :)