URGENT HELP Loan Rejected: Unfair

Posts: 90
Joined: August 22nd, 2012, 11:13 pm

URGENT HELP Loan Rejected: Unfair

Postby milangadakari » January 10th, 2018, 7:03 pm

Hi All,

Axis bank is rejecting my home loan as there is a lake nearby? Please help. Is there anyone who can get the loan approved.

The site is near Oxford college SMV layout 6th Block. Its a BDA Site. Building Sanction plan is approved by BBMP. But the banks technical team has mentioned there is a lake nearby.

The nearby lake is at 130 Mtr from the site. What do I do in this case?

Posts: 36
Joined: August 17th, 2009, 12:57 pm

Re: URGENT HELP Loan Rejected: Unfair

Postby bhr2009 » January 11th, 2018, 10:44 am


I heard now a days, even BBMP do not approve Plan if it violates buffer zone.
Show to the bank about NGT notification regarding buffer zone regulation being 75m.
If they are not convinced change bank. There are enough banks who are looking for Home loan customers.


Posts: 219
Joined: October 7th, 2009, 10:07 am

Re: URGENT HELP Loan Rejected: Unfair

Postby ramki067 » February 12th, 2018, 11:15 pm

Get loan from NBFCs. There interest rate is almost same as Banks.

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