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What is the time limit for availing the sanctioned loan?

April 26, 2017availing limit loan sanctioned time

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What is the time limit for availing the sanctioned loan?

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The Loan sanction order is valid for 60 days from the date of sanction.

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The loan will have to be availed within 3 months from the date of sanction if the purpose of loan is for purchase of a ready built house/flat and within 14 months if the purpose of loan is for construction or 36 months for a composite loan.