Change of 1st applicant name from joint account

V krishna prasad (Querist) 14 July 2017 This query is : Resolved
I want a clear inform regarding transfer of 1st applicant name from joint account name as Vijaya bank has given housing loan keeping me 1st party and my mother in law as 3nd allicant as her age is 58 at the time of purchase of flat. Hence I request to delete my name as1st applicant and transfer to my wife's name as the payment is done ny mother in law. Hence request to give an idea to transfer my name from document sir

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V krishna prasad (Querist) 14 July 2017
I want a clear inform regarding transfer of 1st applicant name from joint account name as Vijaya bank has given housing loan keeping me 1st party and my mother in law as 3nd allicant as her age is 58 at the time of purchase of flat. Hence I request to delete my name as1st applicant and transfer to my wife's name as the payment is done ny mother in law. Hence request to give an idea to transfer my name from document sir

Kumar Doab (Expert) 15 July 2017
Bank/Lender may agree at its own discretion and satisfaction.
Satisfy the lender.

Sudhir Kumar, Advocate (Expert) 15 July 2017
It is clear that you have either not approached the bank or not indicating what bank has said.

In the present form it is not a legal query.

Rajendra K Goyal (Expert) 15 July 2017
There seem to be no reason why the Bank should agree to your proposal.

If you do not want your name to be continued, you have to repay the outstanding.

Rajendra K Goyal (Expert) 15 July 2017
Generally no officer of the public sector Bank would come forward / sanction the proposal away from set procedure as if the account becomes NPA at any future date, his decision would be under doubt.