loan for a house

shivmangal (Querist) 11 August 2010 This query is : Resolved
there is plot in my fathers name
Will i get loan from banks if my father gives me power of attorney for the plot

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bhagwat patil (Expert) 11 August 2010
yes, u will get ur father should give the surity.

s.subramanian (Expert) 11 August 2010
if your father gives you power to mortgage you can get a loan on it.

jayeshmankodi (Expert) 11 August 2010
yes i am agreed with s.subramanian.

Devajyoti Barman (Expert) 11 August 2010
Yes if your father gives the land as collateral security.

Parthasarathi Loganathan (Expert) 12 August 2010
Better both father and son be co-obligants to the loan where most of the banks extend loans

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