Results for #banks
Legal
#flat#builder#development#agreement#banks
I wish to buy a flat in Vasai and I have gone through a few and zeroed on one. The builder has all the papers and it is approved by CIDCO as well. The only thing that isn't there are the development agreement papers. Most nationalised banks are not providing loan for this reason, but the housing finances like GIc/DHFL are willing to provide loan. Which is why I am confused, what do I do?
I wish to buy a flat in Vasai and I have gone through a few and zeroed on one. The builder has all the papers and it is approved by CIDCO as well. The only thing that isn't there are the development agreement papers. Most nationalised banks are not providing loan for this reason, but the housing finances like GIc/DHFL are willing to provide loan. Which is why I am confused, what do I do?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
It will all depend on the title of the builder to the land in question. Nationalised Banks are usually very cautious while dispossing such loan. However, financial institutions are aggressive in that connection.
Bank Finance
#banks#offer#loans
Is there a moratorium period banks offer for the repayment of home loans? If yes, what is it?
Is there a moratorium period banks offer for the repayment of home loans? If yes, what is it?
Answered on November 08, 2017
Moratorium could be offered to a borrower, however it is subject to the papers and the relationship the borrower normally shares with the lending institution. There are multiple factors that decide the term of moratorium offered by a bank
Society Matters
#banks#maintenance#single#society
Can there be 2 different Bank Accounts in different banks for maintenance of a single housing society?
Can there be 2 different Bank Accounts in different banks for maintenance of a single housing society?
Answered on November 08, 2017
In Maharashtra, as per the bye laws of the co-operative housing society, a banking account shall be opened in the nearest state or district central co-operative bank or its branches
