(Moderator's Note : Please do not post the personal messages in the group. Before posting any message, please go through once again and if it can be of common interest, please post in the group. Otherwise, please respond to the concerned person directly. Please cooperaqte with the moderators.
Mr. venky,
I trust, you are poona based.
I wish to have more details - the personal & professional profile of you & your associates as that would be more easir for me to establish better wave length.
presently, i am at los angels USA & is likely come to poona by 20th march.
regarding your apprehension about possibility of sanction & disbursal of loan by the bank with in 2 weeks, i would like to inform you that, it all depends how quickly & efficiently the applicant get ready with the details & documents to be furnished to the bank.
as bankers would have to work under specific & defined frame work while dealing with the public money, they stand personally answerable for every action & sanction.
with all the documents ready with the applicant, even 2 working days would be too much for a banker for sanction & disbusal !
i wish, you may please visit punjab national bank at aurora towers on m g road.
entry for pnb at aurora towers would lead you for 2 offices.
ground floor enterance in one of the largest branches of pnb at poona.
you may approach mr. deepak upadhyaya & take his advise.
similarly, you may go to mazanine floor from there.
regional office of pnb is located on mazanine floor.
you may ask for marketing officer or even you may meet regional manager - who controls around 40 branches located at different parts of maharashtra.
it is obvious that the applicant needs to approach the branch located near to his/her location.
as the banker would be very happy to entertain applicants with integrity & fix up the limit on need base creteria, there is no room for any doubt on the issue.
however, you are most welcome to write me back for any clarification & i would be happy to be with you for the mission.
regards,
-yoganand,
Pavan & Venky FoC-Pune <babypavan@gmail.
Dear YoganandThanks for your message. We too work with the students and provide them financial assistance for their higher education (Class XI, XII, BA, Bsc, Eng , Medical, Diploma) . We are spread in 3 districts in Maharastra.We are trying to get Educational Loan for our Professional students but the problem is after the Class 12 results comes and after their councelling the students need to pay their fee in 2 weeks time. This is where the problem comes. Would the bank disburse the loan in 2 weeks time.Kindly provide any contact details of the bank people in Pune- MaharastraFor more details about our groupThanksVenky
Every child has a DREAM & YOU have the POWER to fulfill it.On Wed, Feb 27, 2008 at 10:53 PM, yog anand <anands_avenue@yahoo.co. > wrote:in
hello mr. shiva,yoganand here again.i wish to clarify a couple of points before i go for explanation ...i am a person with deep involvement & exposure for the subjects - banking, finance & insurance.i do not agree for the theory of 'ok for B.sc/BA/B.Ed students' or 'meritous students'.there are few parents who are desparate to educate their children but reel under the set back of finance. similarly, there are few parents who are well placed financially & the children go weak in studies.it is indisputable truth that - for every parent, the child is a biggest living asset.every person is endowed with specific & unique quality where as we fail to identify it at right time striking right chord.it is the basic right of evry child to get best possible education - for that matter my dear sir, edison was a drop out & with his invention, we light the bulb at our homes, shops & factories !anyway, coming to the subject -again with my experience, being one of the largest & dynamic public sector bank - punjab national bank is having one of the finest scheme to assist the need.salient features of the scheme is -1) The Scheme enables all type of needy students viz., students of +2 stage, Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters in Ph.D; Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc., Computer Certificate courses of reputed Institutes accredited to Department of Electronics or institutes affiliated to University; Courses like ICWA, C.A., CFA, etc., courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc., Evening Courses of reputed Institutes; Diploma/Degree courses conducted by Colleges/Universities approved by UGC/Govt./AICTE/ AIBMS/ICMR, etc., Courses offered by National Institutes and other reputed Private Institutes. 2) Punjab National Bank is now offering concession in interest in education Loan Scheme. The concession in interest rates is available to new borrowers who will avail education loan from the bank w.e.f. 01.04.2007.3) Further, Interest is charged monthly on simple basis during the repayment holiday/moratoriumperiod & concession of 1% in rate of interest is also allowed provided the same is serviced regularly during study period.0 4) Punjab National Bank has tied up with Kotak Mahindra Insurance to provide life insurance cover for education loan borrowers. The insurance would cover study period as well as repayment period. I n case of any mishap, the insurance company would take care of the loan repayment rather than the aggrieved parents.
5) eligibility
6) coverage
Boarding and lodging expenses in recognised Boarding Houses / private accomondations
Quantum of Finance
For studies in India: Maximum Rs.7.50 lacs. For studies abroad: Maximum Rs.15.00 lacs.
Margin
Upto Rs.4.00 lacs: - Nil. Above Rs.4.00 lacs: Studies in India 5% Studies Abroad 15%
Security
Upto Rs.4.00 lacs: No Security. Above Rs4 lacs and Upto Rs 7.5 lacs: 3rd party guarantee acceptable to the Bank. Above Rs 7.5 lacs: Collateral Security of Suitable value or suitable 3rd party guarantee.
· The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares / Debentures, Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin.
· The document should be executed by both the student and the parent/guardian.
Rate of Interest
upto Rs. 4 lacs BPLR+TERM PREMIA minus 1.25 Above Rs.4 lacs BPLR + TERM PREMIA+1%
- Term premia of 0.50% p.a. shall be added for repayment period of 3 years & above.
- The interest shall be debited monthly on simple basis during the Repayment holiday/ Moratorium period.
- Penal Interest @ 2% be charged for above Rs.4.00 lacs for the overdue amount and overdue period.
- 1% Interest concession for servicing of interest during the study period regularly is allowed at the time of start of repayment period of loan.
Repayment
Repayment Holiday / Moratorium Coursee period + 1 year OR 6 months after getting job, whichever is earlier.
- The Principal and interest is to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.
Upfront Fee
Additional Benefits provided to the students by PNB
yog anand <anands_avenue@yahoo.co. > wrote:in hello mr shiva,your subject is worth taking up & i am sure, you would be able to extend services for all direction - beyond geographical jurisdiction of taminadu too.i have reasonably good stock of stuff on the subject & woukld be able to help you out comprehensivelyi am attending for your mail at around 12.40 am pst from america.just give me another 10 - 12 hrs so that, i would be able to write to you with all details.regards,Dear Friends,In past 1-2 ys we have seen that many meritorious students have lacked finance because of family income.Fortunately we came across a few & did what we could. This was ok for B.sc/BA/B.Ed students.But the going gets tough for professional courses(Engeering & Medicine/BDS/Nursing). We believe that school education can be funded free. But for grown up's they should shoulder self-needs. All we need to do is to coordinate for a Bank Loan. In fact we have done for quite number of students. OUR AIM IS TO SCALE IT TO MORE STUDENTS.In our group I see there are many eminent people who are also associated with banking.It would be really great if they could help the meritorious students to get loans.For our part, we will check the background thoroughly & only then request. We keep getting lot Of requests, but we do not help all of them(which is also impossible). We will have to prioritize & then help the most deserving(for the matter all are deserving)Indian govt should follow the Australian model for funding the college education with interest free loans(atleast For professional degrees whose fee is beyong reach for many J!!)Our belief – ANY MERITORIOUS STUDENT SHOULD NOT BE DENIED EDUCATION BECAUSE OF ECONOMIC REASONS. And everyone of us have a part to play in this!This is one of the main paths for Dr.Kalam's "Knowledge Society".Next year we are planning to help atelast 25 students in TamilNadu with good merit but unable to pay fee. We have a group of volunteers fro different districts to track the requirements. Based on the success we will scale it to other states of India.We look forward to hear help from many of you.RegardsshivaCo-Moderator
Never miss a thing. Make Yahoo your homepage.
Forgot the famous last words? Access your message archive online. Click here.
Bollywood, fun, friendship, sports and more. You name it, we have it.
--
Venky
Friends of Children - Pune
Every CHILD has a DREAM and YOU have the POWER to FULFILL it.
Check out www.focpune.blogspot. com
Why delete messages? Unlimited storage is just a click away.
Please visit the website http://www.indiavision2020.org to read inspiring articles of eminent personalities
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
.
__,_._,___
0 comments:
Post a Comment