Buying a property approved by combitore slum clearance board?

We have bought an property in Tamil nadu. its in valparya area, Tamil nadu
i have few queries, one is the property area is 390 sq ft also its approved by tamilnadu slum clearance board, few banks are not ready to provide loan for this property due to this reason. please help me out whether any nationalised bank will approve loan for this property

2 Replies to “Buying a property approved by combitore slum clearance board?”

  1. Tamil Nadu Slum Clearance Board, is a statutory body and the schemes/ plots approved by TNSCB is eligible for loan. Ask the Bank to give a letter with reasons to refuse your application, then you can contact RBI Ombudsman for remedy.

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