[Resolved]  Axis Bank — Loan-Query

Address:

Central Delhi, Delhi

To

M/S AXIS BANK
CPC-DELHI: 4/6B, ASAF ALI ROAD, NEAR DELITE CINEMA, NEW DELHI-110002,

Sub:- AXIS BANK:- POWER HOME SANCTION LETTER
Approval No: Axis bank/PH_LNPHG_FLOATING/713053/RAC-DELHI
RAC/11-12 DATED- 31 DEC, 2011.

Sir,

The housing loan was asked for specific flat in multi storied building under construction at Officer City-2 at Rajnagar Extension, Ghaziabad, U.P. The residential complex is being contructed by M/S MR PROVIEW. It is construction linked payment as agreed with M/S MR PROVIEW. Before processing same, your officer visited my residence for verification and after satisfaction the loan was approved on 31/12/2011 with validity of 180 days. As asked for necessary processing fee amounting to Rs 11030 was paid vide cheque No: 880898 Dated : 23/12/2011.
Unfortunately the construction of Tower was not started within 180 days & loan was also not availed. Now the construction has been started and builder is asking for payment on construction linked plan. I approached your bank but failed to revive the loan as 180 days already passed.

Now please let me know the following:

Loan was asked for specfic project and an advanced sanction without project as such why sanction was not revived when project actually started. Why loan was sanctioned without reconsile with actual progress of construction.
Why you have acknowledged only Rs 9651.00 as processing fee when Rs 11030 was issued vide cheque as stated above.

I will wait for your quick reply so that I can do the needful action.


Thanks and Regards,


ARNAB SEN GUPTA,

E-mail ID:- [protected]@gmail.com

Mobile No: [protected]