Need A Financial Product Forums Loans Is salary account a prerequisite for borrowing home loan

This topic contains 1 reply, has 2 voices, and was last updated by  Gouri Kapoor 3 years, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48068

    Gouri Kapoor

    I am working with a private company and I have a salary account with Oriental Bank of Commerce. I need to apply for a home loan. Is there a condition that I can only borrow home loan from a bank where I have salary account or savings bank account? Can I apply for home loan in SBI, HDFC or Punjab National Bank?


    Having a salary account in a bank in which home loan is applied for a not a prerequisite for loan. You can apply for a loan in whichever bank you want to apply.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.