Valuation of home.
Sunil Kumar
(Querist) 30 October 2017
This query is : Resolved
Respected Sir,
I want to purchase home by way of loan amounting to Rs. 35 lac in Punjab and the bank manager has intimated that if you getting loan from our bank then we will increase value of your home when purchasing and showing increased value and also demanding 2000/- as commisssion extra for increasing valuation of home. We do not want to pay extra amount and i want the bank provide appropriate value while purcahsing the home. Sir, how it is possible the bank increase this or the bank fool the applicant.
What can I do in this case.
I want to treat in a fair way and getting loan but the bank officer emphasis me.
please guide me.
Rajendra K Goyal
(Expert) 31 October 2017
Inform the Bank accordingly.
It would be better to record the demand / get him trapped red handed.
You can submit your loan application to other Bank.
