I have taken a home loan from sbi, kormangala branch.
Loan has been disbursed. But then, they have forcefully added a property insurance one time premium of around 70, 000 thousand rupees to the total loan sanctioned amount.
Also they didn't mention this property insurance thing upfront. Once i filled the loan documents, they pitched this property insurance as life insurance cover and later only i came to know that it's a property isurance not life insurance.
I had spoken to the branch manager, but then of no help.
Now i need help of how i can make the bank to remove this property insurance from my home loan account.
My sbi loan account no - [protected]
-thanks,
State Bank of India [SBI] customer support has been notified about the posted complaint.
On dt.27/09/2019, I had an transaction with amazon.in of Rs.19800 through EMI system SBI net banking.I cancelled the order, for which the seller amazon.in has refunded an amount of Rs.18290 vide refund ref. no- IN[protected] on dt.30/09/2019.But till now the amount has not been credited in my loan account no-[protected].