Hi Harsha,

I have booked a flat which falls under owner’s share for a joint venture project. I want to go for SBI home loan but today when i contacted builder’s loan department agent, he told me as my flat is owner’s share he needs some extra documents from owner before he can initiate the loan processing.
He also told that for owner’s share bank disburses loan amount in one go, as my flat is under construction they are talking to Banker and their lawyer to disburse amount as per slab completion.
I wanted to know if what he is stating is correct or is he just trying to brainwash me to go some private banks ? With so much joint venture projects around this would be a very common problem ?

Thanks,
Puneet