● 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? —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 finalize 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.
Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
Infy: Improvement in discretionary demand
● Expects strong revenue growth of 5-7.9% in FY26
Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead
BENCHMARK SENSEX SPURTED by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.
Trump 2.0
India has to play its strategic cards well as campaign rhetoric often differs from governing realities
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
Central Bank of India profit jumps 33%
CENTRAL BANK OF India on Monday reported a 33% year-on-year rise in its net profit to ₹959 crore for the quarter ended December.
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
Nazara raises ₹495 cr from existing investors
GAMING AND ESPORTS company Nazara Technologies raised ₹495 crore through a preferential share issue to Axana Estates.
Govt allows 1 MT of sugar exports after gap of a year
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Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
