Legal Question in Banking Law in India
I am a sole owner of the flat under loan from HDFC. Can I gift the flat to my husband's brother after informing the bank and transfer the said loan to his name. He is eligible as he is earning 80 thousand a month. Please advise
Asked on 3/02/16, 11:11 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
03.03.2016
Dear Madam / Sir,
Instead of gifting your flat to your brother-in-law which is still on loan, give it on lease / leave and license agreement or engage paying guests to occupy a part of your flat along with you, and repay and settle your remaining bank loan installments from the rental income you receive.
Regards,
Answered on 3/02/16, 11:22 pm
Fca Prashant Chavan
Expert Edge LLP
03.03.2016
https://www.youtube.com/watch?v=MxKJy1RBslI
Regards,
Answered on 3/02/16, 11:27 pm
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