What Should Be Done In A Situation Where Home Loan 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 ?

Answer (1)

Team Legistify

  • Sector-1, Noida
Assuming that you have enquired with the bank for the delay and you are not getting a proper answer , better send a legal notice to the bank mentioning the loss caused by the delay.

Answered on 28 Sep 2018


Was this answer helpful?

Yes   No

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

+50