Can I pay the balance amount to Builder when last disbursal is due in SBI Maxgain ?

POSTED BY debashish71 ON July 14, 2014 9:53 am ONE COMMENT

I have taken a loan (SBI Maxgain) of 45 lakhs . So far 40 lakhs has been disbursed to the builder . As the last disbursal is due to the builder , I am considering to pay the balance amount myself without going for the Loan disbusrsal.

1) Is the above possible?
2) Is it a right approach?
3) What are the Consequences?

Please help me ASAP

One reply on this article “Can I pay the balance amount to Builder when last disbursal is due in SBI Maxgain ?”

  1. Credexpert says:

    Dear Sir,

    It is possible to not take the disbursement of the entire Rs. 45 lakhs that has been sanctioned to you. You will need to intimate the bank about the same. Also, please check with the bank, especially in the case of this Maxgain account, if any specfic process needs to be followed for the same.

    Regards,
    Credexpert
    http://www.credexpert.in

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