Need A Financial Product Forums Loans Bank forcing me to purchase sbp surakasha for home loan Bank-forcing-me-to-purchase-sbp-surakasha-for-home-loan_REPLY

#47108
Sameer Kapoor
Participant

Purchasing an insurance cover for loan is a good idea and in fact borrowers must buy property insurance. However, bank can not force you to purchase a specific policy. You have a right to purchase it from any insurer.