Hi,
I am planning to buy a flat (Resale) in Vijaya Bank Layout. But its a B khata and bank like HDFC SBI and others not ready to provide loans. But when we buy from builder even though it is B khata, Bank never they ask about any Khata. Only during resale they talk about A/B Khata. When I approached LIC, they are ready to give loan but he told me that there is some process called temporary A Khata and only then they too process the loan. Please suggest any process i need to follow to get loans in bank HDFC SBI. And this flat was earlier funded by BOI and all dues are cleared now by owner.
1 Answers
Hi,
In my experience and in most of the cases, builders & banks form as a nexus and provide home loans, even if some approvals / documents are not in line.
I dont think there is any thing called 'Termporary A khata'.
Yes, non-banking finance companies like LIC HFL, DHFL etc do sanction Loans for b-khata properties and they are aggressive in approving loans.
Suggested readings;
https://www.relakhs.com/khatha-registration-transfer-in-bangalore/
https://www.relakhs.com/mutation-property-transfer-title-records/
https://www.relakhs.com/occupancy-certificate-possession-certificate-completion-certificate-meaning-importance/
You may approach BoI and find out if they can approve your loan..
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