Thank you for giving us a topic to make video on. Please specify do you want to know which documents are required to sanction loan to a private ltd co. or please specify your question. As all borrowers have to go through the same process of submitting property papers to the bank to mortgage the property.
Thank you so much for you kind words. Please feel free to raise any questions that you may have. You can also share the topics on which you would want to see our next videos. Please subscribe us for regular updates. Thanks.
Also make a video on Personal loan, if the personal loan is taken for some months only then how to avoid the pre-payment charges or what is the best possible option to take loan if required for some months only.
MOST IMPORTANT - Sanction Letter is the basis on which any bank or financial institution will charge prepayment penalty or foreclosure charges. So always read the sanction letter and don't forget to ask your bank to give you a copy of signed and stamped sanction letter for future record. It is one of the most important documents. Hope you find this information useful. Feel free to post your comments and feedback. Please subscribe us for regular updates. Also tell us if you have a question or any topic on which you would want us to make videos on.. Thanks.
Thank you so much for your feedback. Please share your concerns or other issue on which you would want to see the video. Please also subscribe us for regular updates.
Bahut acche se samjane ke liye thanks. Meta 1 questions he mera plot plus construction loan he ismese pahile muze plot ki ammount mil gayi he lekin kuch reason ke kaaran construction me late ho raha he , to kya mera loan rejecte Ho jayega kya.
No, once loan has been sanctioned, it will not be cancelled. buy you have a certain time period within which construction should be completed. In most banks this period varies from 18 months to 36 months. Contact your bank or call us for more details
Hi sir. Very informative and useful video. Could you please explain about REPO LINKED LENDING RATE for housing loan. Will banks have right to change the repo rate after giving sanction letter by bank?
RLLR or Repo linked lending rates are the new methodology based on which banks are supposed to lend. Every bank adds a Mark up to the RLLR before quoting Rate of interest on any loan. This mark up can be set as fixed for a certain period. So the rate of interest linked to RLLR being charged by the banks can be changed as per terms of sanction. Hope this answers your question.
@@navyugnews thanks a lot sir. I have understood it very clear. Could you please provide your email. I would like to forward a sanction letter where in I can ask you few doubts. Thank you
Good morning sir, Your video was very helpfull for me .. Sir, Issme aapne bataya k sanction letter me lone ka amount dekhna jarruri he To me aapko puvhna chata hu k jo lone manager ne commite kiya he k aapko lone is amount ka milega fir proccessing fees dene ke baad lone sanction amount jo commite kiya tha lone manager ne usse kam aata he to kya kar sakte he???
bank apna kharcha aur insurance etc ke paise katta hai.. aisa private bank karte hai... govt. bank aapko pura sanctioned loan amount ka paisa dete hai aur jo bank ka kharcha hai woh alag se account mein lagate hai, but private bank loan amount mein se hee apne dusre kharche lete hai, jaise insurance, etc
Hi Sir, thank you so much for such a great information. I have a question - I received a sanction letter from hdfc bank and there I read retail prime lending rate is applicable for me. Could you please give me some information about the same what is RPLR and it is fine to have or shall I request bank to change it ?.
Sanction letter Sale deed registration se pehle milega... Tabhi toh bank aapse documentation karwayega and then paisa release karega.. jiske basis pe aap sale deed karwaogey..
B.t. karwane pr foreclosure charge lgta hai kya and loan ki interest rate (fix or floating) as customer ki choice pr milta hai. If yes, to konsi int. rate me lena chahiye? Plz rpy.
One must prefer to take loans with floating rate of interest. Yes customers are free to inform bank to only charge floating rate of interest. Read the terms and conditions on the sanction letter very carefully. Yes, prepayment penalty / foreclosure charges are also applicable on balance transfer (B.T.) as you are prepaying a loan by transferring money in the form of another loan. Always prefer to take loans from Govt. banks and take loan from private banks/NBFC's only if you are not eligible for loans in Govt. banks hope this answers your question. Please also subscribe us for regular updates.
koi bhi document nahi milta except copy of Sanction letter. Sanction letter will be provided to you if you ask for a copy of it. Please ensure that you are given a copy of sanction letter which has been signed by the bank officials.
मैंजुलाई 2o22 मे होम लोन लिया हूँ सेंसन लेटर मे 6.5%लिखा है पर आज 7%ho गया है जोकि fix रेट है बैंक द्वारा बोला जा रहा है किस्त 14267 लिखा है परन्तु 14300 लिया जा रहा है जिसे बैंक कह रहा है 14500 होना था जो गलती से काम बन गया है एक स्टाम्प पेपर मे सिग्नेचर करने को बोल रहे है कृपया मार्गदर्शन kare🙏
EMI is Equated Monthly Installment. If you take a loan bank, financial institution gives you the option to repay the loan in EMI. Some banks financial institutions ask the customer to pay some EMI's in advance they are called Pre EMI, usually EMI's are due once loan has been disbursed i.e. money has been given to the customer.
Very informative. Thanks sir. Kya Bank margin money ke payment receipt Bank me joma kor lete hei in case of underconstruction home loan jo payment customer ne khud ki hei?
yes. Whatever money customer has paid upfront for which either receipts are available or proof of payment is available like cheque no. , draft no, rtgs/neft/imps ref. no, etc will be considered as part of margin by the bank as all these will also reflect on the account statement through which customer made the payment. Hope this answers your question. Please follow up for regular updates.
Sir if sanction letter mentions no pre payment charges will be applied to individual borrowers and if loan has two borrowers, main borrowers and co-borrowers will this fit for no pre payment charges ? Or loan should be on single name?
No. Banks cannot charge prepayment penalty or foreclosure charges on loans sanctioned under floating rate of interest. This is clear guidelines of Reserve Bank of India hope this answers your question. Please subscribe us for regular updates. Thanks
हमने प्रॉपर्टी के लिए मुहूर्त में लोन लिया था बैंक ने वह लोन हमारे खाते में शो कर दिया लेकिन पैसा बैंक के पास ही है और उसकी अभी तक रजिस्ट्री नहीं हुई है रजिस्ट्री में टाइम लग रहा है तो क्या बैंक इंटरेस्ट ले सकता है या कोई और उपाय
Bank of Maharashtra is better as it is a Govt. bank and they dont have any hidden charges. HDFC Bank has lots of hidden charges in the form of prepayment penalty. etc
Once sanction letter has been given then you have to complete the formalities mentioned in the sanction letter, if you don't complete those formalities , documents then bank will not release you the loan amount. For Example - Original Property Papers not submitted by you, Margin or your share of loan amount not submitted by you in your account.
Loan Protection Insurance banks/financial institution apne loan ko protect karne k liye karate hai.. Dono hee schemes mein borrower ki death pe paisa milta hai.. but Loan protection insurance protects the loan whereas Term Insurance usually pays money to the family of the deceased. Hope this answers your question. Please subscribe us for regular updates.
Loan approval k baad bank aapse sanction letter sign karwata hai. Sanction letter has terms and conditions mentioned on which loan has been sanctioned to you.
Bank can change the EMI on the request of the customer subject to bank's internal policy. Every loan has a maximum repayment period beyond which they cannot sanction a loan..
Mere father ne hdfc se loan liya hai 7 lakh ka plot+eqt bank wale bol rhe hai ki insurance krna compulsory hai or apke father ki age 58 hai isliye primium 2300 rs per month ayegi itna mhanga insurance diya ja rha hai Bank ki traf se kya kre please reply
Insurance of Property can be mandatory, but insurance of your father is not mandatory. It is your decision whether to cover your father or not. However insurance of property karwana hee padega. Insurance of Property ka one time premium for 10 years for amount of Rs. 25.00 Lakh will be approx. Rs. 8,000/- to Rs. 10,000/-
Agar aapko phir bhi pareshan kare toh humein bataiyega ga. Complaint can be made in writing to both Reserve Bank of India & Insurance Regulatory Authority of India.
1st main Australia k liya sanction letter liya 60 lakh ka 45000 charge pay kiya par loan nahi ligya … but then we switch to UK 🇬🇧 and then banker said that we have to pay again 45000 … to get sanction letter 😢 kya ye rules hai ta loot business please reply as soon as possible 🙏
Bank is charging processing fees on your education loan. Every time you change college or country of education, bank has to reprocess the entire loan. The processing fees can vary from bank to bank. What is the name of the bank in your case?
Mere pass falt or tarac dono the ,or mene falat or tarace alag alag party ko becha hai to falat jisko becha hai usko bank lone nahi de raha hai bank bol rahi hai k aap tarace alag se nahi bech sakate
Yes. After going through terms and conditions, if the borrower thinks loan is not suitable, customer can refuse the loan. for more help contact us on our number
Agar kisi project mein customer ne apna jyada paisa laga diya hai toh aise case mein extra margin is paid in cash by the bank. Example - Project cost Rs. 40.00 Lakh Customer has spent Rs. 20.00 Lakh from own sources As per Bank norms if margin is 25% which comes to Rs. 10.00 Lakh customer in this example has spent Rs 20.00 Lakh i.e. Rs 10 Lakh over and above the minimum margin required as per bank norms At the time of loan processing if customer and bank agree for only25% margin and if bank sanctions loan of Rs 30 Lakh then customer can get Rs 10.00 Lakh back . However this will depend on the bank and the customer on case to case basis and is not necessary to be followed in every case We hope this answers your question.
Bank sirf stock ka insurance karta hai... kuch Private banks loan ka insurance karte hai, jisse credit insurance kehte hai..but the common practice is of stock insurance only..
What is your current profession, your ITR and income, Where are you planning to buy property. Govt. banks should be your first preference because of transparency in rate of interest and charges. Please share your details.
@@SanjayRaj..576 OK. Loan ke documents sign karne se pehle, sanction letter jarur padiyega... aap humein bhi sanction letter ki copy share kar sakte hai.. we will advise you regarding the sanction letter with a very nominal fee. our mobile no. is available under about us section.
Sir , sunction letter main computer writing and hand writing ka prayog hota hai jaise ki loan amount computer writing se likha hai aur interest rate pen se hand se likha hai month computer se likha hai, processing fees hand se likha hai EMI hand se likha hai GST computer writing se likha hai sir kya esa hota hai sir humare sath sunction letter main froud hua hai sir humari jitne par baat hua tha usse jyada interest rate par vo sunction letter main chla rahe hai sir,please reply me.
Hi in my loan icici land loan sanction letter it is mentioned need to construct a plot with in 4 years, but in icici official website it is clearly mentioned like "The construction has to be completed within a period of 2 years from the date of disbursement of Land Loan." which one actually applicable please clarify ??
Sir home loan lene ki baad agar hum loan ko othar bank me transfer karna chahta he to kya kya charges lagta he or jo onwer ka insurance hota he Bo bhi dubara kar bana padta he pleae sir help me
Aap loan ko dusre bank mein transfer kar sakte hai, no charges will be levied for this. Insurance dubara karane ki jaroorat nahi, lekin agar loan ka insurance tha toh woh dubara karan padega
Sir ek baat or puchana tha jese hum loan me part repemant kar dete he to intrest us amount par kahega jo hamne bank se liya he ya repment karne ke baad jo baki bach jata he
NAVYUG NEWS Done ✅ Very useful info. My documents are in process now. My sanction letter is about to come. This video made slightly aware about the process. Since this is my First time I am buying flat.
Sir mere father ne home loan liya tha..or home loan insurance policy bhi li thi .. sanction letter main jo loan liya total sanction amount rs.23 lakh likha hai.. lakin hume 22 lakh 30 hazar . Diya gya .or jo 70 hazar kam diya wo life insurance policy main 70 hazar kata hai sanction letter main likha hai.. Papa ki death ke baad kehte hai insurance nhi hua aap ko bharna hoga loan..loan closed nhi kiya . property documents bhi nhi de rahe kya kare ...
Spread rate on my education loan sanction letter is 4.75.I confirmed from the bank this spread wont change amd is constant. But on sanction letter its mentioned Spread(+/-). So should I ask the bank to revise and mention that spread rate will not change?
From which bank have you taken education loan..? Have you got copy of sanction letter? If your education loan has been sanctioned on floating rate of interest, then you will get the benefit of a lower ROI whenever ROI is reduced. Please get the copy of sanction letter, we will guide you accordingly.
Yes you can provided you provide a receipt to the bank confirming payment of advance amount in cash. However one must avoid paying margin money as cash as in the absence of valid receipt it is difficult to believe and confirm that margin has been actually paid. Try to make payment through cheque, demand draft or RTGS, NEFT, IMPS Hope this answers your question. Please subscribe us for regular updates.
Bhai ji mere sath bhi ek mistake ho gayi Fullerton India ne 26 percent intrest le raha hai kuch bataye bhi nhi hai pehli bar loan liya hai kuch solutio batao kuch bhai please
Kya lone calcel bhi kiya ja sakta hai ? Bank ne home lone nahi diya hai aur baat nahi ban pa rahi haito kya bank e m i lene ka haqdaar hai? Lone paas ho gaya hai pee khatoni nahi milne ki wazah se lone nahi de rahe hai dubara lone prepair kiya ja raha hai per bank ne jyada waqt le liya hai ab hame lone nahi chhahiye please reply. Kya senction letter bhi cancel hita hai?
Yes. Just give an application to the bank or write an email that you are not interested for the loan any more. Jab tak aap bank loan documents mein sign nahi kartey you are not responsible for anything.
It is possible bank has given you moratorium period of 14 months for completion of house. during moratorium period payment of EMI is not required, only interest is to be paid.
Sanctioning of loan is an internal process, and therefore every bank may take its own time, aapke loan mein property se related issue ho sakta hai, ask the branch where u applied for loan.
