Hi
I have recently got a Home Loan sanction from Axis Bank for a property situated in Bangalore. I am a resident of UAE and am therefore required to execute a General Power of Attorney (GPA) in favor of a relative to complete the documentation formalities pertaining to the Home Loan.
I want to execute the GPA in favor of my Father, who is residing in Cochin (Kerala). My query is, can the GPA be adjudicated in Cochin instead of Bangalore? Will there be a problem in availing the loan if the GPA is adjudicated in a city other than the property location? Also, what are the adjudication charges he would have to pay in Cochin/ Bangalore?
Thanks in advance