Malay (Employee) 18 September 2011
Hi All,
I bought a under construction flat at Kolkata and took Home loan from SBI. SBI has paid 50% of it to builder as per construction status.
Now I am planning to sell out the flat. But my problem is with loan from SBI. Can I paid the money till paid with interest and cancel this loan at sbi? if not can I sell this without doing registration once complete ?
Thanks in advance for your help.
Malay
adv. rajeev ( rajoo ) (practicing advocate) 18 September 2011
You can repay the loan and sell the property or take an advance from the purchaser by exeucting the agreement of sale and repay the loan and after getting no due certificate from the bank register the sale deed in favour of the purchaser.
Malay (Employee) 18 September 2011
Hello Rajeev,
Thanks for reply.
That means I cant sell it unless its ready for registration.Can i cancel any loan before full disbursement and take NOC from bank by paing the amount till paid? Bank informed that loan cant be cancelled unless full paid and to do that the flat must be registered as bank will do full disbursement once registration done...:-(
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
