I have applied for takeover of my ongoing housing loan in LICHFL to SBI. In LICHFL, I have two other loans in the category of Home entity loans which are actually loan against property(LAP). Generally, private sector banks have policies to takeover all such loans, ie, they process the takeover of housing loan, and simultaneously they go for taking over the LAP in LAP category. But, SBI returned my proposal stating that SBI do not have any policy to takeover LAP of other financial institutions. I am sure there are hundreds of thousands of such borrowers who took housing loans and LAP on the same property, but with such a policy of SBI, they just can not switch over their loans to SBI.
Any views suggesting any guidelines of SBI to deal with such cases, or some other ways to get the matter settled? Please respond.