Q: I was told that only private banks give home loans, as I am planning to buy a property with B khata? Can anyone share their experience about home loans?
According to RBI neither nationalised nor private banks are allowed to sanction any home loan against the law of B khata. I do not think B khata properties get home loans from any bank, but I have heard that some of the co-operative banks are doing so through some agents with high rate of interest.