Hello,

To know the reason and the status of your loan EMI, the simple method is to send a written letter to the CMD and the Branch manager of SBI and ask them all the queary you have. Wait for 15-20 days for their reply.

Still have a question ? Feel free to contact us again.

I am facing a problem in getting the provisional statement for the Home loan [home loan a/c : 30669047117] which I had availed in Feb 2009 from SBI branch – Kottar, Nagercoil, TamilNadu, Kanyakumari Dist.I have been paying the EMI till date without any failure.

I had send a registered requestion letter for the same to the bank mangaer, but have not received any response till now.

When I had asked for the provisional statement, they said that the bank manager is on leave and there is no authorized person to issue the
Provisional statement until the manager comes back from his vacation, which is after the cutoff date of submission of investment proofs in my company.

Kindly consider this as an urgent issue and take necessary steps, as I will not be able to claim my tax exemption without the provisional statement.

my email id is : devishanu@gmail.com

Originally Posted by R.Lekshmi Devi

I am facing a problem in getting the provisional statement for the Home loan [home loan a/c : 30669047117] which I had availed in Feb 2009 from SBI branch – Kottar, Nagercoil, TamilNadu, Kanyakumari Dist.I have been paying the EMI till date without any failure.

I had send a registered requestion letter for the same to the bank mangaer, but have not received any response till now.

When I had asked for the provisional statement, they said that the bank manager is on leave and there is no authorized person to issue the
Provisional statement until the manager comes back from his vacation, which is after the cutoff date of submission of investment proofs in my company.

Kindly consider this as an urgent issue and take necessary steps, as I will not be able to claim my tax exemption without the provisional statement.

my email id is : devishanu@gmail.com

Hello,

Visit: videocon fridge

This may help you.

Hello,

I have applied for a home loan from SBI in the month of December, all my papers are clear and finally after a very hectic and harrassing process my file was sent to Naupada, Thane Branch for the final processing, however now after almost so many days of staring the process i get a reply from SBI Branch that they do not consider digitally signed documents and the Naupada Branch will be sending my file back to the SBI Branch, i feel harassed and want to know how to proceed further with this.

I have already paid the builder a huge amount from my pocket and its almost been 45 days since i started the loan process, now i canno't approach another bank since the process is very time consuming.

Working with SBI seems like asking for ration from the shops in the 1960's.
1) The verification process is ridiculous and defies logic. The verification officer (out sourced) could not verify my employment and place of residence even though he had the photocopies of passport with Visas issued by a number of first world countries, my pay slips and my phone number where he could reach me...times wasted - 3 weeks

2) The SBI branch lost my account opening forms .........times wasted - 3 weeks

3) No response on questions.......inspite of a laptop....by their own admittance....they check their mail once a day......and they speak of online banking. I cannot imagine this incompletence when in this day of PDAs and laptops one looks at emails every 5 mins....

4) Even after passing so many loans, they did not have a standardised format for Tri-partite agreement between the developer, Bank and customer. The waste of time is criminal as SBI loses interest money, we end up paying money, builder receives delayed payment

By placing our faith on the bank we made a bad mistake. Because practically they had no excuse..only reason can be abject incompetence or a deliberate design to frustrate the customer so much that they run away. I think the entire process is very very fishy. I'm extremely sad at this criminal waste of the tax payers time and money.

Hi,

I went to SBI Khammam [Andhra Pradesh] Branch to take home loan for the construction of our house. They have asked us to get all the required documents and we submitted all of them. Initially the documents are enough and we will get a home loan and slowly they asked us to join in some ULIP kind of insurance policy. For this it seems we need to pay 50000/- per year for atleast 3 years. We said its not possible but we will see. Finally they are saying that their branch has some Target for that insurance and only if the home loan customers are taking this policy they will issue home loan. Their way of talking is also changed and they are demanding us to join this policy.

How to resolve this issue ?

Please help me...

Thanks in advance.

Suresh.

Originally Posted by Suresh RVN

Hi,

I went to SBI Khammam [Andhra Pradesh] Branch to take home loan for the construction of our house. They have asked us to get all the required documents and we submitted all of them. Initially the documents are enough and we will get a home loan and slowly they asked us to join in some ULIP kind of insurance policy. For this it seems we need to pay 50000/- per year for atleast 3 years. We said its not possible but we will see. Finally they are saying that their branch has some Target for that insurance and only if the home loan customers are taking this policy they will issue home loan. Their way of talking is also changed and they are demanding us to join this policy.

How to resolve this issue ?

Please help me...

Thanks in advance.

Suresh.

Hello,

Have you any proof that support your statement? kindly furnish so that we can guide you accordingly.

It has been almost two months now i had started my Home Loan Procedure with SBI, the documentation and verification process went smooth enough (without much harrasement). However after that the Sanctioning branch now refuses to accept Digitally Signed Form 16. After much of a hassle and escalating this to the DGM, Senior Staff i finally got a reply from SBI that they are sanctioning my loan, however till today they have not reverted.
It feels so patetic and painful to approach them for a loan. Please look into this matter.

I am working in MNC in Bangalore, my House in Chennai & my Native is Near mannargudi. I wish to explore a Home loan for construction at Native for which I approached SBI mannargudi( Near Tanjore). The process started on Dec 31-09 and till date had given all documents which they asked for.

Now neither SBI mannargudi is saying yes nor no, for a value of 8 lac. The final response is " all your documents have gone to Thiravarur Head office and will revert". Its painful and frustrating for a such a long wait despite all documents given for reference

Please help what should I do now

Prasanna Kumar P
(prasann81@gmail.com)

Originally Posted by Sidhant

Hello,

Have you any proof that support your statement? kindly furnish so that we can guide you accordingly.

Quote Originally Posted by Suresh RVN View Post


Hi Sidhant,

I am Suresh, working for ORACLE Corporation. We require home loan for construction of our house at Khammam. There were 3 branches in Khammam and I went to all these branches along with my father for home loan. We have had all the required documents ready and they can process every thing with in no time. But they have demanded us to join either in SBI Smart ULIP Policy or SBI Life Insurance. We politely requested them alot for processing our application with out any thing of such sort. We have voluntarily agreed to pay Property Insurance, Processing charges, depositing some good amount in PPF a/c at their branches ..etc. But they are very harsh and gave back our papers. It was the same case in all the 3 branches. Now we are clue less on what to do. I tried to reach the AGM and CSC of the respective AU [Khammam belongs to AU2 region]. But even they are help less.

To my surprise they also told me that, they will process the loan and pay first installment in 2 days, If I join in Smart ULIP policy. But for Smart ULIP, we have to pay 50k per year and for Life Insurance, we have to pay around 1 Lakh. We have had already enough number of ULIPs and LIC policies, so we are not interested any more in them.

Sir, Please help me resolving this issue with your suggestions. I have had lot of hopes on SBI, but irrespective having fair credibility, we are unable to get a loan.

There is no written proof as such, but if you can call them once, they have enough guts to demand any one. I spoke with Main Branch Manager, Rotary Nagar Branch manager and Gandhi chowk Branch manager [His name is Kurmar]. I have had their contact numbers too. I spoke with them in phone too, and they are openly saying it in phone too. I can keep some one in conference too, if it is required.

Please help me. I m really vexed up with this situation and loosing confidence on SBI.

Thanks and Regards,
Suresh.

Originally Posted by Suresh RNV

Quote Originally Posted by Suresh RVN View Post


Hi Sidhant,

I am Suresh, working for ORACLE Corporation. We require home loan for construction of our house at Khammam. There were 3 branches in Khammam and I went to all these branches along with my father for home loan. We have had all the required documents ready and they can process every thing with in no time. But they have demanded us to join either in SBI Smart ULIP Policy or SBI Life Insurance. We politely requested them alot for processing our application with out any thing of such sort. We have voluntarily agreed to pay Property Insurance, Processing charges, depositing some good amount in PPF a/c at their branches ..etc. But they are very harsh and gave back our papers. It was the same case in all the 3 branches. Now we are clue less on what to do. I tried to reach the AGM and CSC of the respective AU [Khammam belongs to AU2 region]. But even they are help less.

To my surprise they also told me that, they will process the loan and pay first installment in 2 days, If I join in Smart ULIP policy. But for Smart ULIP, we have to pay 50k per year and for Life Insurance, we have to pay around 1 Lakh. We have had already enough number of ULIPs and LIC policies, so we are not interested any more in them.

Sir, Please help me resolving this issue with your suggestions. I have had lot of hopes on SBI, but irrespective having fair credibility, we are unable to get a loan.

There is no written proof as such, but if you can call them once, they have enough guts to demand any one. I spoke with Main Branch Manager, Rotary Nagar Branch manager and Gandhi chowk Branch manager [His name is Kurmar]. I have had their contact numbers too. I spoke with them in phone too, and they are openly saying it in phone too. I can keep some one in conference too, if it is required.

Please help me. I m really vexed up with this situation and loosing confidence on SBI.

Thanks and Regards,
Suresh.

Hi Sidhant,

They are not willing to write it on a paper and give it. They are not accepting my application form itself. Unluckily, except verbal communication, I don't have any proof as such. If you want me to record the conservation with them, I can do that. But I feel its not useful.

Thanks and Regards,
Suresh.

Originally Posted by Unregistered

Hi Sidhant,

They are not willing to write it on a paper and give it. They are not accepting my application form itself. Unluckily, except verbal communication, I don't have any proof as such. If you want me to record the conservation with them, I can do that. But I feel its not useful.

Thanks and Regards,
Suresh.

Hello Suresh,

Without any proof its very difficult for us to suggest you any thing, but you can just forward your complaint to the CMD of SBI via registered post (keep one copy with you), mention all the details in it and ask them for the solution.

Wait for their reply and revert us back.

Address is:
Chairman & Managing Director, State Bank of India,
State Bank Bhavan, 4th Floor Madam Cama Road, Nariman Point,
Mumbai, MAHARASHTRA – 400021.

Hope this may solve your problem.

Sub: Housing Loan Ac 95049 taken from SBI, West Mambalam Branch. Name: Kuppa Sujatha Sitaram. (New Ac No.01597095049).

With reference to the above, i have closed the account and when i went to collect the original title deed, it is observed that they have lost my file. Hence i could not get the original documents back from the bank.

Now it would be very difficult for me to sell the property. (Though i dont want now to sell it). It would be a problem to my legal heir too in a later stage.

My e mail ID is kuppasujatha@yahoo.com Kindly do the needful and oblige.

K Sujatha

I am an NRI, I got approved for a home loan from SBI for an apartment, now project is delayed and I want to back off the project, I do not mind losing the money i put in rather than losing more money in interest. what is the process,

Does SBI confisticate my aprtment 50% built apartment and go to court and put an order for me not to sell ?
Does SBI auctions it off to highest bidder get the money they invested and wash its hand off
Does builder come back after me? what are the real scenarios people have faced?
Does builder will hold all the money disbursed by SBI to them till now?
I have decided i do not need any credit in India.
I have seen in few banks, they have advertized lot of apartments for auction for some ongoing projects and completed ones
my apartment has already gained 25% increase in last 4 years per sqfoot

Need help

Dear Sir,

I was searching for some proper channel on complaint of SBI home loan, ended up on this website which is highly appreciable.

Currently there is a scheme is proceeding in SBI with 8 % in first year and 8.5 % in other subsequent two years, then customer can take call on interest rate.
When I approach the Personal Banking Branch ( PBB) in chennai on 22 Mar 2010 for the home loan, they said since SBI is supposed to be largest bank, they have volume of application in pending, hope this may not workout beforre 31 st Mar 2010.

Thats all fine,please collect the application and give me a acknowledgement. They have given that. Next day the branch asked me to get the leagal verification of the apartment & building evaluation of the apartment, if that is the case, we can login and finish this case. This is not my job and cannot take leave on the year end. Please consider my application.

Then immediately he said, this may not work out properly. We told him, I have applied in PNB chennai, where I could able to speak to some concerned person. Why it is not happening here. Immeidiately I got a response, If you get in PNB why do you need to come here and you can very well avail the loan.

After these bitter experience, when I ask the status of my application, they are saying the application is in RACPC, where you need to check there.
There is no contact number of process follewed in RACPC Chennai, donno how I can reach there. From morning, 9.30 AM till 3 00 PM , I could able to wait, where the response from bank is very pathetic, such that like a beggar.

Please advice, the way I may need to consider on dealing this bank. I dont want to giveup with SBI..I want to handle them and get a logical answer for my application.

Thanks
Jai