Announcement

Collapse
No announcement yet.

Housing loan for plot changed to loan against property

Collapse
X
Collapse

Housing loan for plot changed to loan against property

Last updated: September 10 2019
0 | Posts
195 | Views
  • Time
  • Show
Clear All
new posts

  • Housing loan for plot changed to loan against property

    Hi Experts,

    Requesting suggestions on the below issue, thanks in advance

    in 2014 though HDFC housing loan, I had bought a CMDA plot in Vanagaram.

    According to the bank regulations, it is needed to produce construction approval plan and start of construction within 2 years, else the loan type will change from housing loand to loan against property.

    Since I was not able to do any progress on the plot, now the loan type is loan against property, hence the interest rates went high.

    is there any way to show some documents and change the loan type back to housing loan type?

    Any suggestions are welcome.
Tags: None
Have any questions or thoughts about this?
Working...
X