Hi All!
I applied for a home loan in LIC and all verification are done and got the sanction letter and the disbursement of the same is to be done today. But now I got a call stating that they can't give the cheque in the name of POA. Plot which I am planning to buy is from a POA. Please help me after verifying everything and giving sanction letter can they do like this ?. Does the bank really don't give cheque in the name of POA ?. Now the person via whom i went for loan is asking me to arrange via someother bank. Is it possible given power is valid maximum for another month I will be able to get a bank loan ?. Please help me, I am totally confused and I have paid upfront 30L to the POA and have made an agreement with him on the same which I have submitted as well.
Thanks
Bala