Pre sanctioned Home loan from Multiple Banks

POSTED BY Sonata Joshi ON September 20, 2013 10:06 am ONE COMMENT

Dear Sir,

Please let me know Can I apply to multiple banks simultaneously for Pre Approved Home loans, to get the eligibility and then go for the loan giving maximum benefits.

Can I get approval from more than one banks for home loan and then select any one from where its has been approved or does it makes an impact on CIBIL score???

One reply on this article “Pre sanctioned Home loan from Multiple Banks”

  1. ashalanshu says:

    Dear Sonata, every aplication ‘ll do have an enquiry marking on your cibil report & too many markings may pull down your score. I’m unable to understand the logic of applying with multiple banks. all the related info i.e. precessing fee, ROI, service charges etc are available to you before applying to decide from where you should opt your home loan. then where is the need to apply with multiple banks?

    Thanks

    Ashal

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