Hello,

Kindly provide us your full contact details, so that we can guide you accordingly.

My contact details is 9331681777

Hi,
I had applied for IDBI Home Loans as they offered me 85% LTV ( which was more than 80% LTV from other bank, from where i got the sanction letter). I submitted my documents to IDBI representative and asked them to check for my eligibility if i would get 85% of LTV or not , if not than i'll go with my existing sanction letter from other bank. They persuaded me that it will be through and i should also give processing fee cheque of 0.5% in advance ( Rs 16800) , so that they could login my file. I categorically mentioned that first let me know my eligibility and then i'll ask you to process it. I ( unwillingly) gave a PDC for a date 6 days hence.

In spite of my repeated follow up with them i never got any call from them and then i found that they had deposited my cheque without informing me. There was insufficient fund in my account and it was dishonored. When i inquired about it they said since NO ONE CALLED UP FROM IDBI BANK SO IT IS UNDERSTOOD that you are going to get loan and hence they put the cheque. Even though it was a case of false promise from IDBI I quickly transferd the fund and asked them to represent the cheque and sent them a request letter explaining the same, they rejected my loan stating cheque bounce.

Now ,the other bank from which I had a sanction letter denied me disbursal of loan as i had a cheque bounce in latest statement. I never have had any cheque bounce and had a clean banking transaction for last last 5 years , my CIBIL record is positive , have worked with multinational banks and companies , but because of this incident with IDBI Bank, I'm not getting home loan from any other bank.

I have to wait for 6 months for clean banking records to avail housing loan. I would strongly recommend don't deal with IDBI bank as when at the beginning of any relationship if they could fool you than in future it would be more painful to deal with them.

kumar

Hi,

I had availed housing loan from IDBI Bank in year 2005, in the last 36 months my track record is clean, now I approched for top up loan IDBI is refusing to provide further loan as I had defulted in payment but I have never kept any outstanidng balance for more than 15 days.

What can I do to get top up loan? Are there any RBI norms that bank can't refuse a loan to exisitng customer?

Please guide.

Regards,

Anil....

Originally Posted by admin

Hello,

Kindly provide us your full contact details, so that we can guide you accordingly.

Home Address: 232, Hazra Road, phone: 8017591632

Dear Sir,
I and my wife jointly applied for a home loan at SBI perambur branch , chennai. The reason for applying there was because I ahd a salaried account with SBI and already a NRI in our under construction apartment had applied there and his loan was sanctioned.
I had applied in july 2011. Till date ( dec 2011) , my loan has not been sanctioned. Even after submitting all the documents, Every time when we ask them the branch manager gives some excuse. Ist he was on leave for one month. Then he said that the SBI nominated advocate is asking for the plan drawings. We once again submitted the drawings to the advocate's office though the same were submitted initially at the bank. the manager is not accessible on his cellphone.
As I am abroad now, my wife finds it difficult to go the branch daily with our two year son. Kindly help us regarding the status of our loan

Regards
M.Prabhu