Hi,
I have Purchased a Plot by taking loan of 12 Lakhs from a Private and now I would like to construct a House on that Plot.
Still the Plot Loan is not paid up and I have 9 Lakhs Outstanding with the Bank.
Can I take new loan from Different bank (Preferably Government Sector) to Construct a House on the Plot?
As the Original Documents are with the Bank which provided Plot loan, Do I have to take House Construction also from the same bank ?
Please suggest. Thanks in advance.