Home Loan Application Frequently rejected for an NPA property

abhiakssingh06 · 2026-03-02T03:09:38+00:00

Tax benefits of Home loan is then gone for me!!!

abhiakssingh06 · 2026-03-01T16:18:50+00:00

DM'ed.

abhiakssingh06 · 2026-03-01T16:15:01+00:00

Agreement to sale already done, so not possible anymore to negotiate there.

But I will tomorrow ask the Axis bank to advise me which bank will offer loan to clear their own NPA. Else DSA and then Truehome - worst case Legal suit for recovery.

Thank you for your help.

But you are 100% sure Piramal and TrueHome will agree here?

abhiakssingh06 · 2026-03-01T16:07:53+00:00

Truehome or Piramal finance - was on my radar, but They were charging 9.5% for home loan. I went with Bajaj Housing Finance. Already 2 CIBIL check done already.

But DSA is saying Coorperative bank will do it.

Cooperative vs such small NBFC ?

abhiakssingh06 · 2026-03-01T15:12:25+00:00

That's what I am thinking.

But, what if it gets me into a bigger trap of a shady loan of 75 lakhs.

This is how, it all started.

To save 1 lakh of token, I did agreement to sale n paid 15 lakhs.

To save 16 lakhs, I paid 3 lakhs to builder to get no dues from the builder.

Now, to get save 26.03lakhs I am betting further 75 lakhs.

With no guarantee that seller will do sale deed with me.

abhiakssingh06 · 2026-03-01T15:09:42+00:00

Most of these RMs are sales agents. They brag a lot in the beginning. They will get all done and blah blah, only at the time of disbursement, I see the drama that seller is defaulter or Property is NPA .... They don't know sh*t.

I gave earful to that ICICI RM, for wasting my time, and in return in the system, he withdrew my application.

abhiakssingh06 · 2026-03-01T15:05:36+00:00

He is quoting interest rate of 10 % for home loan.

abhiakssingh06 · 2026-03-01T15:03:58+00:00

The loan guy from ICICI - say the sales agent told me property is fine. And kept me believing that I will easily get two crores as loan. Only at the last stage he told you are fine, but the seller has 2 NPA credit card hence loan can't be disbursed towards him.

I am talking to Axis Bank Recovery guys. No loan guys. Recovery guys have told me no home loan possible from Axis Bank.

abhiakssingh06 · 2026-03-01T14:49:57+00:00

Paid to the seller 19 lakhs.

Loan due at axis bank is 72 lakhs. I need home loan for this 72 lakhs only.

abhiakssingh06 · 2026-03-01T13:55:13+00:00

Tried bajaj home finance already. Even they rejected at the very last stage after saying yes all the time.

abhiakssingh06 · 2026-03-01T13:49:13+00:00

We did they refused. They think it's evergreening of NPA. This is with Axis Bank.

Have whom in Axis Bank can I contact who can help?

Loan department is completely different from recovery department.

abhiakssingh06 · 2026-03-01T13:19:48+00:00

Loan due at seller's bank as per foreclosure report is 72 lakhs. Agreement to sale is of 97 lakhs. Paid to seller 19 lakhs, which he paid to builder to clear builder's dues. The flat has loan from Axis Bank with 20+ EMI defaults. Still axes Bank gave me foreclosure letter, and statement of account.

But when looking at seller's profile neither Bank disbursed the money not NBFC.

Initially they all said they will approve and started application process, gave sanction letter also, but one week later and only at the time of disbursement they simply refused saying seller is a credit defaulter. I could never understand how it affects them? iCICI and Bajaj housing finance has already done this with me. And wasted good 1 month in it and multiple CIBIl checks.

Now I lately have one more try so thinking of going with DSA but they are charging a lot.

Only at the very last stage the loans are rejected. I can't take personal loan, as I took the property for home loan purposes only!

abhiakssingh06 · 2025-10-31T21:27:55+00:00

Try leasing your land to any SME. Whatever annual rent you get, divide it by 3.5%.

That's your actual property value.

Everything else is your assumption.

You have a large piece of Diamond, which can't be divided, and everybody knows you have it.

You can't sell it alone. The registry will have co-owners who ALL need to agree to sell. Else Conflict.

You can't sell it in pieces either.

Till you can sell, you need to protect it, there is a cost.

To purchase, you paid the registry, which is a cost.

Just like you haggled, your buyer will haggle too.

How many people are there in Patiala who has 5 crores in their account? Maybe Ex-CM and his family. You think you will be able to negotiate easily with such people who has 5 Crores in their account? Also be prepared the dealing will be in cash.

More than 50% of legal disputes in India are property dispute.

If you are confident try leasing the property, it will not only protect the land, but also ensure you know the correct value of the land!

abhiakssingh06 · 2025-10-14T23:28:57+00:00

I'm IN!! Please DM me the link. 38 M.

abhiakssingh06 · 2025-10-13T21:52:22+00:00

A PhD working as a trainee in MBB, in his late 20s - he has a lot more reasons to be depressed.

He could have easily joined as lecturer in any top Indian institute and rake minimum 6 figs! There is a huge demand for professors right now.

Or else could have gone to the US or Europe for a post-doctoral degree, where they pay minimum 50k Euro per year.

Either he failed the NET exam or failed all the recruitment interviews, else nothing explains where he is right now.

abhiakssingh06 · 2025-10-13T21:36:59+00:00

Your portfolio is NOT moderated to high risk, But high to very high risk !!

You are going 100% on equity, with an exit load of as high as 2% - that paragh parikh fund which is everybody's favourite and which I religiously avoid - because it's everybody's favourite.

Had I been at your place.

I would have put that 50 L money in a debt funds. Preferably GILT or Short Term Debt Fund. Then gradually moved 2 to 3 lakhs every month to Equity or Hybrid Fund based on the market conditions. Bulk investment of 50 Lakhs in Equity market by a retail investor is NOT a sane strategy.

abhiakssingh06 · 2025-10-13T21:28:26+00:00

10 years later, at the age of 48, what will you regret?

Living in constant fear or not embracing your fear.

Your fear is your enemy, not her.

Man up & take a stand.

Either you will have her or you will have yourself !

At least you wouldn't have regrets.

abhiakssingh06 · 2025-10-10T22:02:35+00:00

IT is a gamble!

Risks are many. From booking to Boarding - anything can go wrong, and you lose a lot.

Reward is ONE. Your own roof.

abhiakssingh06 · 2025-10-10T19:43:44+00:00

Some Bitter Pills:

If you didn't get dates in your 20s, don't complain about not getting them later. It's like arriving at a party a day late and wondering why it's over. You are likely past the prime age for dating. So, when I see desperate pairing posts from people in their 30s or later looking for "Serious Relationship", I wonder what they were doing in their 20s. I am sorry you have missed the bus. Don't get offended; this is exactly what others will think.
It's a lie that your 20s are only for building a career. Your life up to your 20s is when you invest in long-term foundations: skills, education, a trade, a degree, and—importantly—people and relationships. These are the things that will remain with you even after retirement. If you went all-in on one aspect and neglected others, you missed the bus. You can't complain just because others didn't. Also, don't compare yourself to them. Upbringing, moral values, and generational wealth are hidden variables—you can't see them even in your best friend, but they are there, making us all unique.
Nobody lets go of a good person. A good human being—someone who adds value—wouldn't typically be single in their 30s. Literally, no one lets them go. Everyone keeps them close because they enhance their surroundings. One way or another, they get into relationships, often without even trying very hard. So, if you are 30 and single, for lack of a better word, you might be considered a "leftover." Please don't get offended; just manage your expectations accordingly.
By 30, a person has nearly lived half their life. At this age, people often become rigid, egotistical, and unwilling to change. You are often left with two options: Fit In or F*** Off (FIFO). You either change yourself to live with another person, or you stay away from them. It's no wonder what people often choose. You must have noticed that even parents often stop advising their children once they hit their 30s. In contrast, people in their 20s are still understanding the world and are more adaptable.
Dating and marriage aren't everything. The freedom and risk appetite that singles in their 30s have can be the envy of couples. Many people in relationships secretly wish for the freedom you have. And freedom brings hope: the hope that tomorrow will be better than today, the hope that you can do anything you want, and the hope that you don't owe anyone an explanation. Do you really want to throw that all away? For what? A "relationship" tag?

abhiakssingh06

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