About re pmry loan
hanumant
(Querist) 08 November 2011
This query is : Resolved
Dear sir
I have repaid the pmry loan with the all interest.But there was irregularity in repayment.So I want to apply again,but bank does not rssponse me.How will I get it,I need your valuable guidance.
Sankaranarayanan
(Expert) 08 November 2011
What you apply again? you mean you apply for further loan? give your query clearly.
If the bank people not given proper reply the you write the details by RPAD post, these all evidence for your evidence.
IF still no response then you seek the details by RTI.
Nadeem Qureshi
(Expert) 08 November 2011
Dear Hanumant
as per your information i think you had became a defaulter of the bank for some time and now you apply the same again then the bank will see you track record and silent. if the bank is Nationalize bank then you can filed an RTI and get total clarification regarding this.
malipeddi jaggarao
(Expert) 08 November 2011
Dear Experts, the query is Mr.Hanumant repaid the PMRY loan with the all interest but repayment was irregular and he wishes to apply again, but bank is not responding. What information he will under RTI Act? Mr.Hanumant PMRY loan is subsidy based and you will get it only once. If your repayment of this loan is regular, you can ask for a general loan (without subsidy and not under PMRY Scheme). Bank will verify your track record of not only repayment, but also business growth, viability, and your repayment capacity. If the irregularity in repayment of your previous loan is for one or two months, and if you have really invested the funds raised under PMRY in the bsuiness and there is a growth in your business, you can explain the Bank that you wish to avail general loan and convince them for your default in repayment. However, Bank has got every right to accept or reject a loan request basing on their own assessment. It is not a right of the customer to get a loan from the Bank. If your request is under Government scheme, the Bank has to give you the reasons for rejection within reasonable time. in other cases this is not mandatory.
ajay sethi
(Expert) 08 November 2011
well if bank is not giving you loan you can qpply to other banks .i agree with experts bank is not bound to give you loan if you have poor track record
Shonee Kapoor
(Expert) 08 November 2011
Actually, it seems the credit history has been spoiled and hence banks are not advancing the loans.
You need to get a no dues certificate from the bank and submit it to credit agency CIBIL.
Try website www.cibil.com to get your credit score and improve it.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
prabhakar singh
(Expert) 08 November 2011
Yes!Mr.Sonee is right its a CIBIL matter.you are rightly advised by him.
RAJU O.F.,
(Expert) 10 November 2011
PMRY loan is a Central Govt. scheme to help youths to start small business or enterprise, released by banks with subsidy from the Govt. If the borrower had defaulted in repayment, the banker is justified in denying further loan under the said scheme. PMRY loan may not be allowed to the same person again and again. Let him approach some other bank with workable projects. Please note that RTI Act is not the remedy for everything.
R.venkatesh Naidu
(Expert) 14 November 2011
when you come to a defaulter, you can struggle for got another loan, please you convince the bank and you proceed.
