Legal Question in Banking Law in India
whether an individual take loan for purchasing plot from public or near relatives.whether RBI prohibits to individual for taking loan.
Asked on 10/05/10, 8:38 am
3 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
loan would depend upon the bank and the capacity of debtor to pay back.
Answered on 10/05/10, 9:14 am
J. Radhakrishnan
independent Practice
there is no prohibition for taking loan for purchasing property from anybody much less near relations. It depends upon the Bank to which one applies for loan whether or not to grant him in each case.
Answered on 10/05/10, 6:40 pm
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