Legal Question in Banking Law in India
sir, i am a central govt employee. i have taken loan from STATE BANK for house building. is there any chance to repay the loan using House building advance.
Asked on 4/23/13, 8:58 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.04.2013
Dear Sir / Madam,
Taking a loan to settle a previous loan is illegal and not permitted by law.
Regards,
Answered on 4/24/13, 3:43 am
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