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Does the Backing Of a Nationalised Bank Hold Weight For a Project?
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string(538) "Hi People,
I just visited a project and saw it the builder said that the project loan is approved by nationalised bank such as ICICI SBI,HDFC,MAHARASHTRA BANK etc .. so i went on to confirm this wiht them.
And i found out that its indeed true the bank is approving the loan for that project, Now does that mean that the project is clear has no issue the papers are clear etc etc ... because nationalised banks gives loan to the project only when the paper of the builder and the project is clear
please advice
regards,
roxen"
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I just visited a project and saw it the builder said that the project loan is approved by nationalised bank such as ICICI SBI,HDFC,MAHARASHTRA BANK etc .. so i went on to confirm this wiht them.
And i found out that its indeed true the bank is approving the loan for that project, Now does that mean that the project is clear has no issue the papers are clear etc etc ... because nationalised banks gives loan to the project only when the paper of the builder and the project is clear
please advice
regards,
roxen
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