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Home loan giving bank query
i have apply for a home loan and given my saving account statement to the loan providing bank. they are no asking me about my big deposited ammount showing in my statement and asking for proof of cash deposit are they authorised to do it.
In Home Loans  -  Asked by kaushik chetanwala -  1 year ago

Best Answer:
Yes bank are authorized to check the details of your savings as bank this helps the bank to estimate your ability to pay the down payment as well as your savings habit. To know more about home loans visit rupeetimes.com.
1 year ago - By Puja

Other Answers (2)
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Answer 1.
If you are not satisfied with bank terms and conditions you can apply for loan with some other bank. It is better to take loan from nationalized bank and if you take loan from bank where you have saving account then bank give some relaxation.
1 year ago - By Manvi
Answer 2.
Banks ask for income-related documents to study financial status of the borrower. The loan amount sanctioned is based on your repaying capacity. Even EMI is calculated on this bases. As people tend to default in repayment of loans due to financial problems so banks check each detail related to income to be on safe side.
1 year ago - By Jonty
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