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.


asked Aug 17 '11 at 11:22 by Ghanshyam 1122

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 Batra 5.2k320


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Asked: Aug 17 '11 at 11:22

Seen: 2,452 times

Last updated: Aug 18 '11 at 23:30