Canara Bank — Bank is asking for 2 Properties of Mine to give collateral security to release my sanctioned 25 lakhs PMEGP Loan

Deepak5655

from Shimoga, Karnataka

Nov 19, 2021

Address:

Bhadravathi,Shimoga -577201

I am G H Deepak from Karnataka and i have applied for Pmegp Loan for 25lakhs and also got santioned by Canara Bank but now for release loan amount Chief Manager of Bank asking to give 2 properties for Collateral security(Martgage)..I had agreed to give 1 property which is our home valued by bank preferred valuers which cost 45 lakhs..They are not agreeing

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Canara Bank customer support has been notified about the posted complaint.

Nov 19, 2021

Updated by Deepak5655 I am G H Deepak from Karnataka and i have applied for Pmegp Loan for 25lakhs and also got santioned by Canara Bank but now for release loan amount Chief Manager of Bank asking to give 2 properties for Collateral security(Martgage)..I had agreed to give 1 property which is our home valued by bank preferred valuers which cost 45 lakhs..They are not agreeing