[Resolved]  SBI-Home Loan — Take over Home loan from Co-op Bank.

Dear Sir,

I Sushil have submitted loan application on 18.7.2009 at Bhayander Branch, basically have submitted application to take over my existing home loan from CO-op bank as rate of interest is higher than SBI.

Bhayander Branch has verified all my documents and application on same day and they have forwarded my application at Central processing branch i.e. Bandra-Kurla Complex- they have done all the formalities like verification, valuation of my Flat, Search Report and have also taken charges for the same around INR 3600.00.

In Last wk have received massage from SBI – that you file has been returned to branch as we are not Taking over loan from Co-op bank.

This is seriously ridiculous – after taking all charges & valuable time of 2.5months they are giving horrible reason.

Why bank has not intimated to us that they have stop to take over loan from Co-op bank at the time of submission of loan application?

Can you pls help me out for the same?