6. Your Property Doesn’t Adhere to Bank’s Policies

Banks are a bit finicky about what kind of properties they sanction the loan for. This is a precautionary measure and has got nothing to do with your application. Many real-estate properties are viewed as unsafe bets for the bank. So, if they find the property of your interest to be tricky, your application will get rejected. Banks prefer to give loans for properties - whose prices are not much affected by changes, are in demand and easy to sell. Moreover, you must make sure that the builder you have picked has a clean past and has no bad history with any bank. You can always take the help of your friends, who know many builders personally. Seek professional help if you feel like too. Any glitch with the builder can lead to rejection of your application. If in confusion, dig out more information pertaining to the property of your choice.