Dear Sir,

I am currently an educational loan of Rs 200000 from Dena Bank Noida Branch in 2008. The repayment started in 2012.The EMI is Rs 9200.I am paying this amount for the last 18 months. I am finding it extremely difficult to manage this amount.I requested my bank to reduce EMI to RS 4500 . I also asked them that i will increase the EMI Amount once I am able to make enough salary. But the bank  is not helping and saying they cannot reduce the emi. The loan prospect showed that laon repayment period is upto 10 years. it has been only three years since my repayment started.

Please help me and suggest me what can i do.

Following is my conversation with the bank.

================================================

Application for reducing education loan EMI

4 messages

manish sharma <coolms123@gmail.com> Tue, Feb 18, 2014 at 12:49 PM

To: rbd@denabank.co.in

The Manager

Dena Bank

Sir,I had taken an education loan of Rs 200000 in the year 2007 from Dena Bank Noida Branch. I regret

to tell you that I am not capable anymore of continuing my minimum monthly payment because of the

problem I`m facing right now. I am not able to make enough money to pay Rs 9100 per month as EMI. I

want to continue my payment and be responsible in managing my finances. I tried my best and check

my budget but it`s still impossible and the only way I can think of is to change my monthly payment into

a lesser amount. I`m requesting for a reduced monthly installment payment until I can recover from my

current situation. Instead of paying Rs 9100 , I wish to reduce it to Rs 5000 or less. I will resume with my

regular payment once everything will be okay. I hope you can understand my situation and grant my

request.

Sir, Please reply if this is possible as I have no other option.

Please help me I need your help.Please look at it sir.

Thank you very much.

Sincerely,

Manish Sharma

Retail Banking Department, HO, Mumbai <rbd@denabank.co.in> Tue, Feb 18, 2014 at 3:40 PM

To: coolms123@gmail.com

Dear Sir,

Please visit the branch from where you took the Education loan and

accordingly our officials will help you.

Regards,

Retail Banking

—–Original Message—–From: manish sharma [mailto:coolms123@gmail.com]

Sent: 18 February 2014 12:49

To: rbd@denabank.co.in

Subject: Application for reducing education loan EMI

The Manager

Dena Bank

Sir,I had taken an education loan of Rs 200000 in the year 2007 from Dena

Bank Noida Branch. I regret to tell you that I am not capable anymore of

continuing my minimum monthly payment because of the problem I`m facing

right now. I am not able to make enough money to pay Rs 9100 per month as

EMI. I want to continue my payment and be responsible in managing my

finances. I tried my best and check my budget but it`s still impossible and

the only way I can think of is to change my monthly payment into a lesser

amount. I`m requesting for a reduced monthly installment payment until I can

recover from my current situation. Instead of paying Rs 9100 , I wish to

reduce it to Rs 5000 or less. I will resume with my regular payment once

everything will be okay. I hope you can understand my situation and grant my

request.

Sir, Please reply if this is possible as I have no other option.

Please help me I need your help.Please look at it sir.

Thank you very much.

Sincerely,

Manish Sharma

Please do not print this e-mail unless absolutely necessary.

Disclaimer:

The information contained in this electronic communication and attachment(s) are intended solely for the

exclusive use of addressee(s). It may contain proprietary, confidential or legally privileged information. If you are

not the intended recipient, you should not disseminate, distribute or copy this mail. In such case, please notify

us immediately by responding this mail and thereafter delete it from your system. Taking any action on reliance

on the contents of this information is strictly prohibited and may be unlawful. The Bank is neither liable for proper

and complete transmission of the information contained in this communication nor for any delay in its receipt.

Warning:

Computer viruses can be transmitted via email. Before opening any attachments please check them for virusesand defects. The Bank does not accept any liability for damage caused by any virus transmitted by this email.

manish sharma <coolms123@gmail.com> Wed, Feb 19, 2014 at 12:23 PM

To: “Retail Banking Department, HO, Mumbai” <rbd@denabank.co.in>

Dear Sir , i visited the branch manager but he says that the emi of my loan cannot be reduced. Please suggest

me what should i do. I believe that the emi can and must be reduced.Please suggest me what should i do.

On Tue, Feb 18, 2014 at 3:40 PM, Retail Banking Department, HO, Mumbai <rbd@denabank.co.in> wrote:

Dear Sir,

Please visit the branch from where you took the Education loan and

accordingly our officials will help you.

Regards,

Retail Banking

—–Original Message—–

From: manish sharma [mailto:coolms123@gmail.com]

Sent: 18 February 2014 12:49

To: rbd@denabank.co.in

Subject: Application for reducing education loan EMI

The Manager

Dena Bank

Sir,I had taken an education loan of Rs 200000 in the year 2007 from Dena

Bank Noida Branch. I regret to tell you that I am not capable anymore of

continuing my minimum monthly payment because of the problem I`m facing

right now. I am not able to make enough money to pay Rs 9100 per month as

EMI. I want to continue my payment and be responsible in managing my

finances. I tried my best and check my budget but it`s still impossible and

the only way I can think of is to change my monthly payment into a lesser

amount. I`m requesting for a reduced monthly installment payment until I can

recover from my current situation. Instead of paying Rs 9100 , I wish to

reduce it to Rs 5000 or less. I will resume with my regular payment once

everything will be okay. I hope you can understand my situation and grant my

request.

Sir, Please reply if this is possible as I have no other option.

Please help me I need your help.Please look at it sir.Thank you very much.

Sincerely,

Manish Sharma

Please do not print this e-mail unless absolutely necessary.

Disclaimer:

The information contained in this electronic communication and attachment(s) are intended solely for the

exclusive use of addressee(s). It may contain proprietary, confidential or legally privileged information. If you

are not the intended recipient, you should not disseminate, distribute or copy this mail. In such case, please

notify us immediately by responding this mail and thereafter delete it from your system. Taking any action on

reliance on the contents of this information is strictly prohibited and may be unlawful. The Bank is neither liable

for proper and complete transmission of the information contained in this communication nor for any delay in

its receipt.

Warning:

Computer viruses can be transmitted via email. Before opening any attachments please check them for viruses

and defects. The Bank does not accept any liability for damage caused by any virus transmitted by this email.

—

Regards

Manish Sharma

Mob. No- 9540540403

manish sharma <coolms123@gmail.com> Wed, Feb 26, 2014 at 5:26 PM

To: ro.newdelhi@denabank.co.in

The Zonal Manager

Dena Bank

Sir,I had taken an education loan of Rs 200000 in the year 2007 from Dena Bank Noida Branch.

I regret to tell you that I am not capable anymore of continuing my minimum monthly payment because

of the problem I`m facing right now. I am not able to make enough money to pay Rs 9100 per month as

EMI. I want to continue my payment and be responsible in managing my finances. I tried my best and

check my budget but it`s still impossible and the only way I can think of is to change my monthly

payment into a lesser amount. I`m requesting for a reduced monthly installment payment until I can

recover from my current situation. Instead of paying Rs 9100 , I wish to reduce it to Rs 5000 or less. I

will resume with my regular payment once everything will be okay. I hope you can understand my

situation and grant my request.

Sir, I went to the branch manager

DENA BANK B – 9, SECTOR 18 GAUTAM BUDH NAGAR NOIDA NOIDA,

UTTAR PRADESH,

PINCODE: 201301

IFSC: BKDN0721125

but he straightaway refused to help and said the emi cannot be reduced.

Sir, As per my knowledge and research, the EMI could be repaid in ten

years, so lower EMI is possible.Clearly he is violating the rules .

It is not possible for me to pay . Please reply I have no other option.

Please help me, Sir I need your help.

I also contacted the Dena Bank Retail Banking Department, HO, Mumbai.

Below is my conversation with them

———- Forwarded message ———-

From: manish sharma <coolms123@gmail.com>

Date: Wed, Feb 19, 2014 at 12:23 PM

Subject: Re: FW: Application for reducing education loan EMI

To: “Retail Banking Department, HO, Mumbai” <rbd@denabank.co.in>

Dear Sir , i visited the branch manager but he says that the emi of my loan cannot be reduced. Please suggest

me what should i do. I believe that the emi can and must be reduced.Please suggest me what should i do.

On Tue, Feb 18, 2014 at 3:40 PM, Retail Banking Department, HO, Mumbai <rbd@denabank.co.in> wrote:

Dear Sir,

Please visit the branch from where you took the Education loan and

accordingly our officials will help you.

Regards,

Retail Banking

—–Original Message—–

From: manish sharma [mailto:coolms123@gmail.com]

Sent: 18 February 2014 12:49

To: rbd@denabank.co.in

Subject: Application for reducing education loan EMI

The ManagerDena Bank

Sir,I had taken an education loan of Rs 200000 in the year 2007 from Dena

Bank Noida Branch. I regret to tell you that I am not capable anymore of

continuing my minimum monthly payment because of the problem I`m facing

right now. I am not able to make enough money to pay Rs 9100 per month as

EMI. I want to continue my payment and be responsible in managing my

finances. I tried my best and check my budget but it`s still impossible and

the only way I can think of is to change my monthly payment into a lesser

amount. I`m requesting for a reduced monthly installment payment until I can

recover from my current situation. Instead of paying Rs 9100 , I wish to

reduce it to Rs 5000 or less. I will resume with my regular payment once

everything will be okay. I hope you can understand my situation and grant my

request.

Sir, Please reply if this is possible as I have no other option.

Please help me I need your help.Please look at it sir.

Thank you very much.

Sincerely,

Manish Sharma

Please do not print this e-mail unless absolutely necessary.