My concern is regarding self construction loan so someone who has experience with ICICI can help plz?
So scenario is I had my last home loan from ICICI bank. Now I closed it 2 years ago and now on same property I am constructing a new building. I have all documents.
ICICI has issued a sanction letter but are denying to do property assessment saying as they already have my legal approval from last loan there won't be a problem. But for final amount (the loan amount calculated on basis of construction cost). I need to construct till plinth level???. My question is howww like it will be so expensive. ICICI has not signed any agreement or anything yet saying they will give the loan surely? So how do I spend so much. What if they refused at last minute?. It's not easy to arrange so much money. Is it normal?? I am so worried
So scenario is I had my last home loan from ICICI bank. Now I closed it 2 years ago and now on same property I am constructing a new building. I have all documents.
ICICI has issued a sanction letter but are denying to do property assessment saying as they already have my legal approval from last loan there won't be a problem. But for final amount (the loan amount calculated on basis of construction cost). I need to construct till plinth level???. My question is howww like it will be so expensive. ICICI has not signed any agreement or anything yet saying they will give the loan surely? So how do I spend so much. What if they refused at last minute?. It's not easy to arrange so much money. Is it normal?? I am so worried
