I submitted RML application as an eligible senior citizen; they returned my application under following ground.
I submit application returned letter received by Jagnath Plot Branch, Rajkot from Sanction Authority RACTC Cell as under:
The Branch Manager, Date:18.01.2010
SBI, Jagnath Plot Branch,
Rajkot.
Dear Sir,
Re: Housing Loan.
Shri Bharatkumar Jamnadas Shah.
We refer to your Housing Loan proposal of Shri Bharatkumar Jamnadas Shah and the same is returned herewith following observation.
1. As per CIBIL Report the applicant is having loan from various Financial Agencies of which 3 loans are in overdue position and one loan is written off status. These loans are not shown by the applicant in application as well as in Opinion Report. Looking to the CIBIL Report his track record is not satisfactory which is not at all acceptable..
Assistant General Manager
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Sir, as per above letter they returned my file back to my Jagnath Plot Branch and in turn they returned my paper back to me.
Under such circumstances, I hereby have my suggestion as under:
I request RACTC Cell to sanction my required loan and out of which, they reimburse my 3 overdue loan and pay me the balance sanction amount to me.
2. Under such circumstances, can i get the balance loan or not?
This loan is very much essential as I have to carry out Renovation of said flat, which is in bad shape, due to damages occurred during 2001 Earthquake and secondly my wife is suffering from Heart problem.
I am low salary paid Rs.8000 Senior Citizen and government has established this RM L to help citizen like us. I was not able to pay overdue loan, because I had a business loss and due to my age I have no alternative but to get the loan or sell my house, which will not get fare value due to deterioration of the house.
Your intervention in this matter will be highly appreciated.
Applicant: Bharatkumar Jamnadas Shah
Following mail for ready reference sent to you on 02.02.2010
I SUBMITTED MY RML application to SBI; they refused RML Loan due to CIBIL bad Credit record. I have overdue loan of Rs.100000 with ICICI Bank/HDFC Bank.
My property market value is Rs.70Lacs.Can you guide me, still under such circumstances, can I get RML Loan of Rs.10 lac?
Your guidance is very much necessary. Do the needful to help me.
Bharat Shah M9374100811