Cash credit from relatives
SUDHIR CHANDRA THAKUR
(Querist) 27 January 2018
This query is : Resolved
Respected experts. Namaskar. I have applied for housing loan. My house is under construction. Before sanctioned of the loan I have taken cash from my relatives for const of house. Now the housing loan has been sanctioned. How I prepare documents which is legal. Now in which process I will refund the credit money to that relatives. I am govt employee. Please advice me
kavksatyanarayana
(Expert) 27 January 2018
repeated query. your query is resolved previously.
R.Ramachandran
(Expert) 28 January 2018
You have to first indicate as to what is the maximum amount that you got by way of cash from any of the relatives. Only after knowing, it is possible to give answer to your query.
Sudhir Kumar, Advocate
(Expert) 28 January 2018
The housing loan will be released in favour of the seller and money will not come in your hand. You have to use other recources to refund money of relative, if at all you are willing to refund.
Sudhir Kumar, Advocate
(Expert) 28 January 2018
if you are govt employee the
whether money was above 2 month's basic pay?
If yes, whether intimation given to the deptt?
Dr J C Vashista
(Expert) 29 January 2018
No reply for a repeated query.
Consult a local professional prudent lawyer if you are not satisfied with the obligation of FREE social service rendered by experts.
