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MrsParvati (Others)     08 December 2016

Home loan

Myself and my husband have a home loan. He is the primary and I am secondary. Now my husband is not working and I am working. EMI has to be paid from me . Should we inform bank?


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 2 Replies


(Guest)

It could be done only with consent of your Husband .When a bank Loan is Prevailing the Property Can Not be Transferred to your Name.Better get a Power of Attorney Registered in your favour by your husband and Once the Bank Loans were Cleared you could Register it in the Name of your self or your children Or if you wish you could dispose it your self and your husband's Presence Not Required.

Kumar Doab (FIN)     08 December 2016

The bank is concerned with payment of its good money lent to borrower.

You may keep full record of payments.

If our husband agrees, signa mutual agreement to pay his part of debt.

 


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