kazadum

@kazadum

@ignorant and all fellow puys

OK puys! Before you hit the panic button! There is such a thing as a low level contact mode of communication like e-mail and phone calls and then a high level contact mode of communication as in face-to-face conversation. Then there are also individual negotiation skills which most of us will have a class in MBA. Anyway, for something like a loan NEVER NEVER just call someone as they will give canned answers to get rid of you. Furthermore, go to the nodal branch where the college is situated. For IIFT Delhi that will be the SIB branch in Connaught Place. I am not guaranteeing that you will walk out with a loan with a huge grin on your face, but I honestly believe your chances of success are better! Having said that, my personal plan is to approach the branches near IIFT of the banks I have mentioned AFTER I enrol, since I have some savings and do not need the entire amount. This also sits well with a bank manager when he/she sees that the student is in earnest, and less likely to default since now the student has personal money already invested. It is sort of like business: if you can put up some of your own money then you can approach potential investors for more funds. Thats just my 2 cents, so take it or leave it! Consider this also a test of perseverance - how badly do you want something!!! In life you will face many such times when you will get a NO. WILL YOU TAKE NO FOR AN ANSWER OR WILL YOU CONVERT THAT NO TO A MAYBE AND FINALLY A YES!!!!!!!!!!!!!!!

Cephas75 here is absolutely spot on!! Believe me.. there is lot of scope of negotiation in private banks.. Lot of things are @ discretion of the branch manager.. It helps: If u hv a strong family background (Govt/PSU service, monetary assets ..etc), have been an old/loyal customer of the bank, someone who has a good credit record with the bank can provide reference.. etc/... try to explore options..

Also there is news that the PLR(Prime Lending rate) is going to be cut by 25-50 bps.. this will definitely affect the lending rates of canara and SBI..
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Puys, Check out his link:

Welcome to South Indian Bank - Experience Next Generation Banking

South indian bank is offering loan @ flat ROI of 9% for select premium instis.. However, it does have a security clause. It is a gud option if one can arrange for security which isn't a big ask... Canara bank & SBI are other options.. but this seems to be the cheapest... Did any senior take a loan frm South Indian bank? It is a private sector bank and not one of the most popular ones.........
  • 1 Like  
Puys, Check out his link:

Welcome to South Indian Bank - Experience Next Generation Banking

South indian bank is offering loan @ flat ROI of 9% for IIFT and other premium instis.. However, it does have a security clause. It is a gud option if one can arrange for security which isn't a big ask... Canara bank & SBI are other options.. but this seems to be the cheapest... Did any senior take a loan frm South Indian bank? It is a private sector bank and not one of the most popular ones.........
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IIFT Delhi... I am coming..............:clap::clap::clap::D:D:D
aaaaah... puys. I am thru....... Delhi Campus!!! Dream comes true... After SIBM and SCMHRD rejection its more of a relief than joy..:clap:
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My GD/PI scheduled for 13:00 hrs 22/03/09. Issue is I have IIT kgp process in Delhi on the same day. Seniors!! SOS please guide regarding change of slot
99.75 %ile:tellme:
The result link is not working... hw to see the score????
Hi Puys,
Got rejected.....am shocked and devastated.
Had a good GD/PI....in the PI the panel was praising me for my good college and good academic records.
Don't know what went wrong......



Mukul Mehra
Snap Score : 81.5(post revision)
10th : 83%
12th : 89%
B.E. : 70%
Work Ex : 14 months.


You still didnt get it??? You are from second list... Please go through the previous few posts and you'll get your answers..
This is my take/inference/judgement abt this whole scmhrd situation :

SIU screws the evaluation of answer sheets, comes out with weird scores for test takers---->Uproar-->petitions--->hoopla. Meanwhile the admission process goes on as usual in all instis.---> SIU remembers: Customer satisfaction is the key for repeat/sustainable business--->new scores---->instis dont mind extending their process for few more days---> ppl like me feel that the second list is a new wave (I've risen from the dead kind of thing)---> spend 7k(travel) + leave from work + false hope---> go to pune for the 'process'---> enjoy chatni sandwiches---> give our best----> scmhrd results: In your face( April fool !!!, Second list?? whts that??)
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