Legal Question in Banking Law in India
Agar kisi ne housing loan liya hai aur uski wife ki pay karne jitni income nahi hai to kya aisa koi provision nahi hai ki uska interest na lage aur kewal mool (principal) hi dena pade.
Asked on 2/04/11, 7:55 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
it all depends upon the bank to accept the wife's proposal to pay off the principal and request for waiver of interest. Normally no bank will accept forgoing interest.
Answered on 2/04/11, 10:44 am
Related Questions & Answers
-
Is the legal heirs of the deceased guarantor held liable to repay the loan in case... Asked 2/04/11, 2:54 am in India Banking Law
-
My Neighbor has taken rs 68,000/- from me and he had issued me the cheque of the... Asked 2/04/11, 2:30 am in India Banking Law
-
Under section 13 (4) how can we take a stay on posession of a house Asked 2/03/11, 10:17 am in India Banking Law
-
What is the legal procedure to stop bank on posessing the security assets Asked 2/03/11, 10:05 am in India Banking Law
-
Reserve price under auction can be reduce up to what percentage if there is no... Asked 2/03/11, 7:13 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
