In addition, Andhra Bank, State Bank of India, HDFC Bank, Union Bank of India and United Bank of India have also given recommendation for providing Loan facility to students of Himalayan Group from their respective branches.Students at the time of admission or at the time of applying for educational loan are given loan letter or alike document as required by the concerned bank for loan purposes, as and if deem appropriate.
For the convenience of students, the Group has set up a separate Loan Assistance Cell, to cater all the needs like loan letter, loan application form and for any other justifiable assistance required from the University.However, the students and their parents/guardian will be personally responsible for loan sanction and repayment of loan and all kind of liabilities and consequences arising thereof. Himalayan Group will not be liable and responsible in this regard.
Corporation Bank Dena Bank Federal Bank Ltd.
The above said judgment of the Supreme Court of India, thus invalidates the criteria of AICTE approval prescribed by certain banks for the purpose of sanction of educational loans to the students of a University and other purposes in relation to a University. Such a requirement, hence, must be done away with. Requisition of approval of AICTE, in case of a university, is entirely in the violation of aforesaid judgment of the Hon’ble Supreme Court of India and may tantamount, to contempt of Court.