[Resolved] SBI Car Loan — Complaint regarding SBI life | |
Sir, I am a permanent employee of Birla Organisation and having acoount with SBI Gadchandur Branch of Chandrapur Dist of Maharastra, since last 22 years. I am availing Home loan from SBi .Earlier I had take a car loan in 2007 of 3 lacs and cleared it in April 2009. Now I wish to avail another Car loan of 3.5 lacs for new car but Sbi is insisting for SBI life insurance policy along with the car loan which I am not interested since earlier I had taken SBi life but since the car loan is cleared in 2 years it was of no use. Branch Manager says loan can only be given if SBI life policy is taken or otherwise My LIC policy in original is to be submitted. I am not getting any cooperation from the Bank authority. Therefore please confirm fi these are necessary for availing Loan Thanks P.Biswas Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 1 Comment | |
Comments
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
27%
Complaints
27853
Pending
0
Resolved
7386
![State Bank of India [SBI] Phone](/img/bn/phone.svg "State Bank of India [SBI] Phone"){kind=small}
![State Bank of India [SBI] Website](/img/bn/www.svg "State Bank of India [SBI] Website"){kind=small}
![State Bank of India [SBI] Address](/img/bn/location.svg "State Bank of India [SBI] Address"){kind=small}
For Car Loan purpose you dont require to open an account with SBI. You need to submit the duplicaate premium receipt of LIC Insurance Policy. Apart from that your form 16 and salary slips, address proof, photograph, last qualifying examination mark list, PAN Card, DOB certificate along with your 6 months bank statement is enough.