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Queries Participated

Murli   01 February 2018 at 00:32

Home loan cancellation after disbursement

Under construction flat, which was registered and bank loan disbursed. Agreement says any delay builder will commensate with nominal rent (3k). But the delay is more than a year now and I feel it may take more time for completion. I am paying 9k rent and also pre-emi which is big burden. Can I cancel this flat, loan and come out of this?