SBI Home Loan

20 Reviews

Sameer Naina Mohamed

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didn't receive report

I applied for a home loan at SBI Adyar branch. I supplied all the documents on March 1st, 2008. Whenever I call the person for getting the status, he says it is under process. On 18-03-2008, when I called, the person said there was some clarification to be done in the legal report. When I asked for what it was, he said only after receiving the report I can tell you. I said OK, and till 25-03-2008, they didn't receive the report. But one person after contacting the processing office said, we can't process it as there was some problem with the valuation report (Initially they said it was problem with legal report). I am not worried of loan getting not sanctioned, because I applied only in SBI hoping that everything will be looked clearly only in SBI. But they still don't assure me when they can give the report to me. they always say it will either be in the processing office or in the bundle which we receive. When the report was ready in the processing office why is it taking this much time to come to the bank. Atleast they should have told me on 18th itself that loan cannot be sanctioned. That day they told me that there is only some clarification. I don't know what is delaying them in getting the report. I had paid for that. Finally I got the valuation report, but still (07-04-2008) I didn't receive the legal report. When both the reports come to same processing centre, why is one report ready and the other is not ready ?

19 Comments

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Nitin Wadje

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s.b.i.bank lending report and information

SUJATHA K.R.

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HTL Floating Int PER Complaints - Statements from 2001 to 2006
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HTL Floating Int PER
Posted: 2009-09-08 by Sujatha K.R. Send email

Statements from 2001 to 2006
Statements SBI Home Loan A/c 10458168980 of NEDIYASALA Br. (Br.Code. 06457)

Dear Sir,

My home loan for 2 lakhs was approved in 2001 for 15 years under 11.5% filoating rate of interest and I took 187500 only.I applied for the detailed statement EMI to ( 2001-2006 ) the bank mngr. of my branch (NEDIYASALA) b'cause the balance amt to the above loan on 8/9/2009 is 1, 18, 055.32. They says ie, the branch computrised only on 2006.So they can't give the statements before 2006. The deatails are not entered in the computer.

I give my complaints, to correct the _computerized system data_ for my home loan account.

I request your kind attention to resolve my problem and help in keeping your customer friendly approach for all transactions.

With best regards,

(SUJATHA. K.R.)
Home Loan A/c # 10458168980
Thazhathumadathil; Sreelakam,
Purapuzha.P.O. Thodupuzha. 685583.
Ph +919946472127 ; 04862273341.

Xyz

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THE SBI FELLOWS ARE WROST IN TERMS OF CUSTOMER SATISFACTION.

ASHOK KR AGARWAL

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Dear Sir,
higher interest charged than mentioned in Sanction letter
I am Sri Ashok Agarwal have taken house building loan followed by Loan A/c no;30277118301 amounting Rs.400000/- Four lac rupees from your bank (state Bank of India ) I have been handed over Loan Cheque on 28/01/2008, But interest on the loan have been charged from 16/11/2007 onward, So Ireguest you to credit this excess interest amount around Rs.9000/- that I have paid for gape between Cheque hand over date and Cheque date mentioned above on my account Secondaly the interest method is Floating Rate of interest which was 10.25% at the time of taking loan, but the interest has been debited on my account excess than the rate of interest of SBI from 16/11/2007 to 31/07/2008. the excess amount that has been charged in rate difference is Rs.2334/-
So I would kindly request you to look after this matter and kindly credit my account by above mentioned amount i.e (9000/-+2334/-=11334/- )
Ref letter dated 25/08/2008 & 16/12/2008 But nothing been done till today
with regards
Ashok Agarwal
Block-B Flat No;5
2nd Floor, Saadhan Appartment
Road No:1, New milanpally
Siliguri-734005
PH: 09749352706
Email:ashokslg_2007@rediffmail.com

Ashok Agarwal

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Pankaj Govindrao Ninawe

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Dear Sir,

My home loan for 8 lakhs was approved in 2008 for 20 years under 8% filoating rate of interest.
1) But in their computerized system data show it for 10 years.
Due this overdue is shown in my account, as I give my EMI -Rs.7400 regularly as per agreement on Hard copy of Loan agreement papers.

For this correction, required to give the application in hard copy to main Branch & after that regular follow-up is required up to one month.

2) I required the Provisional Certificate for Tax submision in January Month for the period of April to March loan repayment, as per company policy.

I regualrly call to branch, but they give excusses with following reason--

1) It is not SBI policy to provide Provisional Certificate for Tax submision in January Month for the period of April to March loan repayment.
2) General Manager is not available for the providing the Certificate.

All other bank( HDFC, LIC, ICICI Bank) provide the same certificate in January month also.

I request your kind attention to resolve my problem and help in keeping your customer friendly approach

BRAJESH GURJAR

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TO, MOST URGENT MATTER
THE GENERAL MANAGER/ ASST. GENERAL MANAGER,
STATE BANK OF INDIA,

DEAR SIR,

MY SELF BRAJESH GURJAR.I HAVE APPLIED FOR HOME LOAN IN SBI PIPLOD, SURAT BRANCH ON DATE 27.11.2009. I HAVE RECEIVED THE SANCTION LETTER ON DATE 04.02.2010 FROM LOAN DEPARTMENT ITC BUILING AFTER REQUIEST TO MR PRABHAT KUMAR.

AFTER PASSING OF 11 DAYS OF SANCTION LETTER I AM NOT GETTING ANY SOLUTION FOR DISBURSEMENT. I AM VISITING EVERYDAY TO YOUR ITC LOAN DEPARTMENT AND MEETING TO MR P. G. PATEL REGD. DISBURSEMENT OF MY LOAN .AS PER MR P. G. PATEL HE HAS LOT OF LOAD OF FILES AND BECAUSE OF THAT HE IS UNABLE TO HELP ME AND AS PER MR PATEL IT WILL TAKE MORE 5-6 DAYS TIME FOR FINAL THE PROCEDURE.

SIR, ALREADY ABOUT MORE THAN 2.5 MONTH HAS BEEN PASSED FOR MY HOME LOAN AND THE SELLER IS NOT READY TO WAIT FOR 5-6 DAYS MORE. I HAVE BECOME MENTALY TIRED BECAUSE OF THIS LONG PROCEDURE AND I AM ILL. I COULD NOT DO MY ROUTINE WORK PROPERLY BECAUSE OF TENSION OF LOAN. I PATIENT OF LOW BLOOD PRESSURE AND NOW I AM IN TROUBLE.

MY SANCTION LETTER REF NO. IS RACPC/HL/3413 DATED 4TH FEB.2010.

YOU ARE REQUESTED TO PLS GIVE ME SOLUTION WITH IMMEDIATE EFFECT OR REFUSED ME IMMEDIATE SO I CAN LEAVE MY HOPE FROM SBI AND I HAVE TO CANCEL MY HOME LOAN APPLICATION AND I HAVE TO CANCELL MY PROPERTY DEAL WITH LEAVING OF MARGIN MONEY.

PLS DO THE NEDFUL IMMEDIATELY.
THANK YOU.

THE APPLICANT IN TROUBLE
BRAJESH GURJAR
MOB: 94265 81448

Rajesh Tirthraj Meshram

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I have applied a home loan SBI Erandwane Branch PUNE.I supplied all the documents on January 6th, 2010 even my valuation report and search report has been completed.Whenever I call the person(Mr. Adaekar) for getting the status, he says it is under process.It was really a painful experience of my home loan application with SBI. I have wasted 2 months of time without even having success. Till now 5th March 2010 there is no improvement in the process of sanctioning the loan. I dont know why there is delay in processing the loan. Are they looking for bribe or any recommendation for giving loan, I am not sure. I dont know how to get the home loan as soon as possible as they are not at all responding or sanctioning loan.
Can you please solve this issue in sanctioning the home loan.

Vikas Gupta

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SBI process is very bogus, they provide the pre-senction letter which is use less irrespective to other banks like HDFC IDBI ICCI they give you senction letter after veriftyng your all records and documents. This claims you can take loan of amount *** and you can go for builder agrrement easily.
I applied to SBI Baner branch for home loan 1 month back, they said it takes 21 days to process your home loan and provided me eligibilty letter i.e. pre-senction letter now i have done agrrement and applied with full documents.. 35 days has gone i did not reciveve any communication from then when i try to follow up they say its under process. I don't know how much time it will take more I am fed up.. SIB is bakwaas

Raajendran

SBI's personal managers are thinking that that bank is for their own.They never understand others problem.Due to the late all the prices are going up and the estimation goes double.the managers work for their own purposes

Apr 20, 2011 by

jignesh3108

I had applied for home loan at Randheja branch near Gandhinagar around 15 march 2011 and my file is then forwarded to the zonal office Gandhinagar. as per the branch final approval is came from zonal but today is the 20-apr 2011 but there is no positive response from the zonal. i had meet the officer at the zonal personally but still not any forward direction for the loan approval. i am like the tennis ball back and forth between zonal and applied branch. really tired in this issue. some body please help me to come out this
jignesh patel
9898366353

May 5, 2011 by

hardik185

Not at all satisfied with the SBI home loan process. I have applied for home loan at HSR Layout, Bangalore and it is more than a month but did not get any update. All the inquiry is been completed 10 days back but still agent is not giving any update. He is not giving even application number by which we can check ourself. While calling agent, he is not lifting the phone, later sending msg that he is out of station and he will be back after few days and then he will give status. They don't understand other's situation and god knows what is happening their end.

May 30, 2011 by

Nitin H.Parikh

I too have similar experience of home loan for extreme delay in process.Not only the delay but non cooperative nature and trying to avoid the customers is biggest problem.To my opinion no one should go to SBI for any kind of loan. The biggest pity is NO one has time to check the file.They keep on asking for the documents which already exit in the file.I have applied for the home loan in Ahmedabad through polytechnic branch.Allast I was tired and took away my papers. I lost Rs. 10, 000 as there charges for processing.

Can I ask them to refund this money ???

Can any one guide me ??

Jul 31, 2011 by

Radheshthe

SBI Home Loan

Radheshyam Dipte Send email on August 1, 2011

didn't receive report
I have similar apathetic experience like many sufferers. I applied for a home loan at SBI Nandanwan branch. I supplied all the documents on July 15th, 2011 to Adv. Whenever I call the person for getting the status, he says it is under process. On 29-07-2011, when I called, the person said there was some clarification to be done in the legal report. When I asked for what it was, he said only after receiving the report I can tell you. I registered my grievance filling in on line complain form. They offered complaint No called ticket. My plot is in the prime locality where a colony is established. Everyone, house owner in the colony had sought loan from one or the other bank including SBI. But they (SBI personnel) still don't assure me when they can give the report to me. What is causing delay or whether SBI will offer loan to me, no one is in a mood to tell me. Already the plinth is constructed for which i have expended money.
Such a prominent bank, and handles affair in this way! Other banks jump for disbursing loans. A few persons have monopoly in it and they have no work culture and desire to serve the customers.

Jul 31, 2011 by

Nitin H.Parikh

This is high time. We all should approach consumer court and make SBI responsible for their non co-operative and harassing behavior of staff. If they can not change let SBI stop this division and stop making claim of biggest bank of India.

Oct 25, 2011 by

abhimanyu.audam

Does SBI come under RTI act ?
I just want to ask them...why there is a different ROI for the same loan amount with same tenure.
I have taken a homeloan in 2008, the ROI was 10.5, After couple of months, they introduced a plan for the new customers "8% fixed ROI for the first two years". I requested them to move me into that plan, but they said, it is not possible as it is only for new customers. I maintained mum...!!!
Now my ROI is 12.5%. I was very embarrassed to see the interest per month in 2008 and today is almost equal where my outstanding amount is reduced by more than 3 lacs. I have a burden of more than 35000 per year.

Can somebody throw some light, can I go for a RTI ?

Apr 26, 2012 by

RAMSAHAY BISNATH TEMBHURKAR

Durg : 26.4.2012
To,

The Officer Incharge
State bank of India
Mumbai (MS)

Sub: Regarding rejection of house loan.

Sir,

I the undersigned is residing in Durg (Chhattisgarh state). I have retired from Dena Bank in March 2011 and now I get the pension from the Dena Bank after retirement. I booked one Flat in Mauza Mondha which is being constructed by Vishal Infrastructure Nagpur, Subsequently, I approached State Bank of India, Nagpur and applied for house loan Rs.8.30 lakhs. The State Bank of India is provided one room in the office premises of Vishal Infrastructure located at Ajni Square Nagpur-15. Shri Vijay Satpute is looking after the house loan cases in that room. I have submitted the required documents and papers whenever demanded by him. The bank even charged Rs.1500/- for documentation.

Since last 6 months, I have submitted all papers required by the said bank for loan purpose. The Officer of State Bank of India, Nagpur Mr.Ghasate referred my case to SBI Durg-Bhilai Main Branches for verification. Even after receiving confirmation SBI Sector-1, Bhilai Branch. I could not receive the information about my loan case.

Then finally I came to Nagpur and visited SBI Divisional Office Kingsway Road, Nagpur on18/04/2012 to enquire about my house loan case. Senior Manager loan deptt. getting information regarding the rejection of my loan application. I was totally shocked. Though I am capable to pay the loan in due course of time. I did not get the house loan from the said bank. Thus the concern authorities of the bank have troubled me mentally and physically since last 6 months and even after that I could not get the house loan for my flat. Therefore, by letter I condemn the negative approach and activities of State Bank of India, Nagpur for not sanctioning of house loan.

Yours faithfully,

R.B.TEMBHURKAR
LIG-556, Padmanabhpur,
DURG (Chhattisgarh)
Mob-09926654844
Email-ramsahay556@gmail.com

Jul 29, 2012 by

vickyhaswani

i applies with sbi bank for home loan that bank is in Mumbai and my salary account is also in that branch. after giving them all documents they said they will give me loan this wording was from sbi branch manager when i commit with my builder regarding loan after that sbi manager call me and he told me they can't give loan as my property comes in kalyan so i will have to approach near kalyan with sbi bank only now here i lost my time and commitment with my builder. What is use of e-banking or net banking when branch are not connected with each other how they say that they are connected with each other.

Vicky haswani.
haswani.vicky@rediffmail.com
9320802110.

Mar 27, 2013 by

ahsi_123

SBI, Kilakarai branch (02223) worst approach with customer, and the branch manager is lack in knowledge on process and procedures. single window process is not applied and also required repeated visits to the branch for completing a transaction.