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saravankumar (designer)     10 August 2010

Loan against property

Dear advisors,


I have planned to take loan against property which is in my wife's name, but my wife is not employed.

I am in private employment, the property is a under construction flat and the UDS is registered in my wife's name, can i avail loan by using this property document? I am planning to buy a land from this loan amount.

Kindly advise on this.



Learning

 1 Replies

A V Vishal (Advocate)     11 August 2010

Yes you can avail the loan by making your wife a co-borrower(second applicant) and mortgage the property with the banker.
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