Finance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2013
Hello Members,
We have some query about loan-
Actually we have already have home Lone and Education Loan from SBI, Gondia Branch (In 2007)(Maharashtra. We are regular payee and Outstanding Balance of both Loan about 7,00,000/-.
But, My Mortgage Valuation goes increase from 20,00,000/- (year 2007) to 70,00,000 (year 2013).
We are required to further loan upto 50,00,000/-. So Guide me for apply a loan in any scheme of SBI or other Banks.
We have a commission Agent Business not a trading concern.
We have some query about loan-
Actually we have already have home Lone and Education Loan from SBI, Gondia Branch (In 2007)(Maharashtra. We are regular payee and Outstanding Balance of both Loan about 7,00,000/-.
But, My Mortgage Valuation goes increase from 20,00,000/- (year 2007) to 70,00,000 (year 2013).
We are required to further loan upto 50,00,000/-. So Guide me for apply a loan in any scheme of SBI or other Banks.
We have a commission Agent Business not a trading concern.
13 October 2013
You can apply a fresh loan based on increased valuation of collateral offered to Bank. SBI does have a scheme 'Easy SME Loan against Property' upto Rs, 1 cr, which shall suffice to your requirement.
If not possible, other bank can be approached for a fresh loan. in such scenario, you may need to shift your existing loan already availed from SBI based on this collateral to new lender.
If not possible, other bank can be approached for a fresh loan. in such scenario, you may need to shift your existing loan already availed from SBI based on this collateral to new lender.
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