Home Loan - Bank Account in another state

For A NRI seeking HOME LOAN from SBI, is it necessary to have bank account in same branch or State. I have Bank Account in SBI Mumbai whereas i want to avail home loan in SBI Muzaffarpur (Bihar), as the procedure require to submit 6 months bank statement , is it ok with bank if I submit Mumbai account statement ?. Or I should open a bank account in same branch and maintain it 6 months or more before applying for home loan.

GHANSHYAM

asked Aug 17 '11 at 11:22 by Ghanshyam 1112


I don't think that there is any such rule. Generally bank people push their products as well while application for loan is made. Fixed deposits, bank accounts, home loan insurance are some products which are pushed un-necessarily with home loan.

If you oppose and ask them to show a rule for same, they may have to do it.

answered Aug 18 '11 at 23:30 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×94
×29
×24
×5
×1

Asked: Aug 17 '11 at 11:22

Seen: 1,531 times

Last updated: Aug 18 '11 at 23:30