Education loan

Querist : Anonymous (Querist) 17 January 2020 This query is : Resolved
I had clear my education loan by paying under one time settlement. Now bank is not giving me No due certificate they keep saying it's not yet approved. what next procedure I should take?

Follow Query

Report Abuse

Quick Summary

If you've settled your education loan through a one-time payment but the bank is refusing to issue a No Due Certificate, you have several avenues to pursue. You can consider approaching the Banking Ombudsman, a consumer forum, or even the High Court for assistance. It's also advisable to consult a local lawyer with all your settlement documentation for professional guidance. If it's a government bank, you might be able to get status updates via an RTI request. Alternatively, issuing a legal notice demanding the certificate, followed by a consumer court complaint if there's no response, are also viable options.

KISHAN DUTT KALASKAR (Expert) 18 January 2020
Dear Sir,
You may approach Banking Ombudsman or consumer forum or High Court for getting appropriate directions to the concerned Bank.

Dr J C Vashista (Expert) 19 January 2020
One time settlement is sufficient proof qua clearance from loan account.
What is the purpose of seeking NOC from banker ?
It is advisable to consult a local prudent lawyer with relevant records for better appreciation of facts, professional advise and necessary proceeding.

Sb Karma (Expert) 20 January 2020
If it is govt.bank you can get status information by using rti
consult local lawyer for best assist.

T. Kalaiselvan, Advocate (Expert) 26 January 2020
If you have the details and documentary evidences of this one time settlement then you issue a legal notice demanding the no due certificate , f the bank is still not responding then you may approach consumer court with a complaint seeking remedy and relief along with compensation for the deficiency in service.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries