Hi,

My Home Loan was sanctioned as MaxGain but SBI failed to open it as MaxGain, Instead it is opened as Term loan, I have been running around sbi for 6 - 8 months but there is solution.

I have contacted Bank manager several times, each time I went I gave photo copy of the sanctioned letter (either they are misplacing the documents or simply want a fresh copy again).

They have admitted their mistake but are not doing anything about it.

Now Bank manager has suggested to open homeloan freshly. Im not interested as interest rates increased and Im afraid I might also have to pay foreclosure charges.

Im fed of the service from the Bank and I dont know what to do about it.

Any of you might have faced the same problem? how have you gone about it? Is there any amicable solution to this?

Please help me out...

Thanks.

I have taken HBA from SBI two years back. now, I have received a letter from the bank that a deduction of Rs 6173/- has been made from my loan account and deposited it to SBI General Insurance Company Ltd, New Delhi. I never gave my consent nor I applied for the same and SBI deducted money from my account and is advising me to credit this amount to my account so as to avoid penal charges.

In the first instance, this appears to be a case of unfair trade practices on the part of the bank and the insurance company.