POSTED BY July 5, 2013 7:43 pm ONE COMMENTON
I am an NRI. I have got the pal sanction home loan from the SBI Bank on the basis of my salary. Now i have submitted all the necessary property documents with registration copy to Bank for further procedure.As i am not in india, i have given the authority to my wife on my behalf as a POA to Bank. I need to ask how many days SBI Bank will take to sanction the loan?? I am in touch with SBI Branch Manager. As such she has told me that she got the search report which is positive and awaiting for valuation report. Its been 5 days now and i am still awaiting for the status. I am doing the daily follow ups also with the Manager. Please let me know what else i can do to make these process fast. Thanks for the help and time.
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One reply on this article “SBI Home Loan”
The due diligence process could be the reason for the delay in the sanctioning of your Home loan. SBI is the only institution that would be able to provide you with a correct answer on how many more days would this process take. Continue being in constant touch with the manager as this is the only way forward.