What should be done in a situation where home lloan is granted?
I have applied for home loan with a reputed bank. First, they provided me with a pre-approved home loan letter( after payment of processing fee).Next I provided them with property papers (for which the loan is sought).Nearly 6 months have passed and still approval letter has not been issued from the bank. My builder is asking me to cancel the sale agreement.
Can some one please guide me on this ?