The Bank will not interfere in the affairs of the borrowers except where provided for in the Terms Conditions of the loan paypal forex sanction documents, such as periodic inspection, scrutiny of books of accounts, verification of stocks and book debts, and scrutiny of QIS statements. Honouring of cheques issued for the purpose other than specifically stipulated in the sanction. In the case of receipt of request for transfer of borrowal account, either from the borrower or from other banks / FIs which propose to take over the loan, the Banks' consent or objection, if any, shall. Or seek additional securities. Applications for Education Loan, in the education loan application form, the Bank shall provide comprehensive information including information about fees and charges, if any, payable for processing and amount of such fees refundable in case of non-acceptance of application, prepayment. In case the Bank decides to retain the security, the borrower will be notified about the remaining claims and the documents under which the Bank is entitled to retain the security till the relevant claim is paid / settled. The availability of adequate margin and security will not be a substitute for due diligence on the creditworthiness of the customer. The salient features of the same are:.
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The Bank shall release all securities on receiving payment of loan. Drawings beyond the drawing power / sanctioned limits. In case the application is turned down, the Bank will convey in writing to the applicant, the reasons for rejection within one month. Please read and agree with the disclaimer before proceeding further. However, the Bank may decide to exercise the right to set off any legitimate right or lien for any other claim against borrower.
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