Who decides SBI Hoam Loan Branch?

POSTED BY Sagar Patil ON January 6, 2013 12:07 am COMMENTS (3)

I applied for SBI home loan at Sanpada Office. I got a call from Vashi CPC office that the loan is sanctioned & they called me for documentation.

However, till now I dont know from which branch will I get the home loan account & max gain account? Who decides this branch? Can I choose a branch near my house?

I already have SBI savings account but in other city. Is it possible to link this savings account to loan account & max gain account?

3 replies on this article “Who decides SBI Hoam Loan Branch?”

  1. Credexpert says:

    Dear Mr. Patil,

    The best way to find out the branch from where you will get the loan is by approaching the bank and getting the clarifications about the branch. And yes, you would be able to link your savings account to loan account and max gain account, but get this clarified as well since your savings account is in other city.

    Each bank has its own policies and no better way to be sure than to ask such specific questions to the bank itself.


  2. Sagar Patil says:

    Hi Anshul
    I have not applied from nagpada branch. Infact I visited Seawoods SBI branch. They asked me to go to Sanpada SBI Regional Office. (This is SBI office. Not a SBI Bank Branch). So the doubt still remains where will be my MG & loan account opened? Also is MG & loan account different?

  3. Dear Sagar, as you applied from Nagpada branch, the MG acct. ‘ll be operable there itself. Yes you can link your existing SB account for payment of EMIs.



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