Hi,
I have applied for SBI MaxGain Home loan and it is sanction. But in one thing i made mistake. While making the downpayment to the builder, i used the cheque from my freinds account and later i returned the borrowed money through NEFT. I told this scenario to the Bank customer relationship manager before proceeding to start the actual loan processing and he said they will require bank statement of the my freinds account and PAN no and a declaration note stating the money that was paid to builder was barrowed some time back and returning in the form of cheque for downpayment on my behalf.
As you guys are more aware of the in n out of the loan. Could you please tell me how to deal with this situation, i am not looking for any other bank loan option.
Thanks,
Rajesh Sarode