Closing of home loan account with SBI Bank

POSTED BY sandeep pathak ON October 11, 2013 10:36 am COMMENTS (2)

I had taken loan from sbi in 2011 and i had been paying the emi regularly but due to the delay by the builder it had been not possible for me to deposit the registration paper to the bank . I had taken the xerox of my loan amount and had been paying the emi since last two years .

I got a mail from the bank to close the account or deposit the registration papers. sir , i want to  know that as i had not taken the actual amount and had taken the xerox of my loan amount so  how much of money will be deducted as i am paying rs 5528 and my loan had started from aug 2010 if i close my account .please guide me as the bank is deducting a large amount of 30000 from the amount deposited till date please advice.

2 replies on this article “Closing of home loan account with SBI Bank”

  1. Credexpert says:

    Dear Mr. Pathak,

    In case you want to close the loan then we would suggest that you ask your builder to hand over the property registration documents to you asap.

    In case you want to continue with the loan then get the exact loan calculation from the lending institution and based on it take your decision of closing/switching the loan.

    Also clarify if you meant “Xerox of loan agreement” when you mentioned the term “Xerox of loan amount”

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

  2. ashalanshu says:

    Dear Sandep, can you share your account statement with me? I need to check on my own the details of your account statement before commenting anything blindly.

    Thanks

    Ashal

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