Hi,

I have availed home loan of Rs. 30,00,000 from SBI under SBI Max Gain Yuva scheme. 80% of the loan amount is disbursed till now.

I had asked for 20 year loan, whereas I was given 30 year term loan without consulting me. I came to know about the increase in term to 30 years after it was approved and disbursed.

My question is, is it compulsory under such scheme to have moratorium period? I dont want it and accordingly had provided letter to the authority at RACPC. But later after 2 months it was told that moratorium period is compulsory. Is it so?