Q: my bank Icici is not willing to pay further instalments for home loan as builder has taken 80 % of the total money but the project has achieved only 35%of construction level.bptp is putting pressure on me to pay or they will charge 18%interest .what are the options available to me as i have signed trip arty agreement with bptp ,icici and myself
hi Samar,thanks bank is in touch with the builder and i have also wrote to buider by mail many times that my bank is not ready to finance but builder is keeping quite and sending me only reminders for payment.
Hi Davinder, You can discuss with builder regarding this issue, let builder know that bank is not interested to pay rest 20% of home loan. Then see what builder is saying about it. If still builder is not responding , then you can take help from legal adviser or lawyer.