You can get home loan to buy flat from a family member
Financial Express Kolkata|December 28, 2024
My brother is selling the flat for which he had taken a home loan. Outstanding amount is ₹21 lakh. He is selling the flat to me for ₹30 lakh. Can I get a home loan to pay him the money?
CHAITALI DUTTA

● ―R S Sridhar

Yes, you can apply for a home loan. However, you have to pay your brother the margin money from your savings. The bank will get the property's valuation and title search to finalise the loan amount. Your bank will pay your brother's bank first to pay off the loan. His bank will release the mortgage papers to your bank. The remaining disbursal of your home loan will be done to your brother's savings account.

この記事は Financial Express Kolkata の December 28, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Kolkata の December 28, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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