Legal Question in Banking Law in India
Hi Sir,
We have bought a house in the name of my sister and also taken a home loan in her name because only she was eligible for the loan.
But now we want to transfer the property and loan in the name of my father.
Is that possible to transfer property and loan in name of my father and what are the process for this
Asked on 11/04/15, 12:14 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.11.2015
Dear Sir / Madam,
You should check out the procedure with the Bank for transfer of the loan amount and the property from your sister to your father, provided your father remains eligible for the loan.
Regards,
Answered on 11/04/15, 2:49 am
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