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Old 20-01-12   #1
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Default Do banks in Karnataka sanction loan for property in Rajsthan?

Dear Memebers

I am from Rajsthan and currently staying & working in Karnataka.

I want to purchase a Home in Rajsthan. Do banks sanction loans in such case? If yes then what all formalities will I have to complete for getting this loan.

Also please let me know what precautions will I need to take while selecting bank?

Thanks in advance.
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Old 20-01-12   #2
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Originally Posted by pank2012 View Post
Dear Memebers

I am from Rajsthan and currently staying & working in Karnataka.

I want to purchase a Home in Rajsthan. Do banks sanction loans in such case? If yes then what all formalities will I have to complete for getting this loan.

Also please let me know what precautions will I need to take while selecting bank?

Thanks in advance.
Technically YES, BLR bank branch should be able to Approve your loan.

Disbursement will be from a Raj local bank only.

Hope you understand the difference between 'Approval' and 'Disbursement'. Also you may know what is meant by 'Technically' in Indian context.
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Old 23-01-12   #3
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Originally Posted by gharondabhai View Post
Technically YES, BLR bank branch should be able to Approve your loan.

Disbursement will be from a Raj local bank only.

Hope you understand the difference between 'Approval' and 'Disbursement'. Also you may know what is meant by 'Technically' in Indian context.

Thanks for your advice I understood what do you mean by Technically

I think I will have to find Plan-B also for this then.
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