Hi, I am Dinesh.
My sister is planning to buy a property through NRI Loan. Her husband is in Saudi and she is here in India.
Now, assumuing she will be a co-applicant, is GPA(Power of attorney) mandatory to apply for a loan?
Please confirm.
Thanks
Dinesh Bharathy Arumugam (Sr. UX Lead) 21 June 2012
Hi, I am Dinesh.
My sister is planning to buy a property through NRI Loan. Her husband is in Saudi and she is here in India.
Now, assumuing she will be a co-applicant, is GPA(Power of attorney) mandatory to apply for a loan?
Please confirm.
Thanks
N.K.Assumi (Advocate) 21 June 2012
Yes, since the husband is in saudia, he need to prepare Special Power of Attorney in favor of your sister, to enable your sister to obtain joint loan that is in the name of husnband and wife.
Dinesh Bharathy Arumugam (Sr. UX Lead) 21 June 2012
Thanks for the reply.
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