Is it possible to transfer home loan for under construction property?

Hi Anil,

I am holding NRI status and would like to transfer my home loan from HDFC Ltd to SBI Maxgain for the under construction property based at NOIDA. Is it possible to transfer home loan for under construction property? Will SBI sanction home loan for noida under construction property which is not a approved project from SBI but project is already approved from HDFC Ltd… Just for your information NGT issue is still not resolve in noida. Looking for your inputs.
Thx. Raj

Hi Raj,

I think as per SBI Maxgain standard rules they will allow for an under constriction property. You should talk to the Bank once to get the accurate answer. Thanks Anil for putting your point on this as well.

Thanks Santanu for sharing your inputs. I appreciate it.