And can a bank deny me a home loan if I have all the documnet in place? I have finalised a property in Nalasopara-E, Mumbai and ICICI Bank says they dont approve loan in Nala Sopara or Naigoan region. Is that illegal, assuming all the property and income proofs are in place?
And if Big bank refuse to lend me money and i go to small playesr like Federal banks, are there any drawbacks like they will increase the loan rates any time abruptly?
Also What does margin money means in Home loan?