My husband has been granted a housing loan from HSBC for 58 lakhs, the valuation was 70Lakhs .He is sailing at the moment and will be getting off only in November .
My question is this - Since the loan was granted to us in March its valid for 3 months only - until May . Can we still avail of it in November when he gets off the ship ? It should not be a problem isnt it ? Will it still hold good then ? Will the bank grant us the loan in Nov instead of it now. I understand they cannot wait and maybe it will go in as a fresh application but we will get the loan isnt it ?? Its just that we are not able to take it now although the bank has granted it to us.
The person who is selling the place is agreed to wait until november , it will be for the same property. Will the bank fund it for the same , will the bank wait .........
Thanks
Priya
