Bank denying home loan

Break Water (Querist) 11 July 2012 This query is : Resolved
Hi,

As I have raised related question again that I am planning to buy my father’s house by taking home loan from bank.

I am very much eligible and every document is proper of my father’s house.

When I have approached SBI and LIC Housing regarding the same then they told me that we are not providing Home Loan in blood relation. We have a very good records with SBI branch and my CIBIL report is very much clear.

Could you please advice what steps or where I can approach now.

Thanks.

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Guest (Expert) 11 July 2012
Depends upon the policy from bank to bank. Law cannot compel any bank/financial institution to appropriate public funds to disburse loan against their policy unless some violation of law is noticed. You may try to break water with some other bank or financial institution.

R.K Nanda (Expert) 11 July 2012
Go to other banks and try.

Break Water (Querist) 16 July 2012
Many thanks for your valuable advise. I will let you know if I can get any success with any Bank.

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