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Rakesh (TSE)     05 February 2013

Home loan - issue

HI all,

I am planning to buy a flat 20lakhs...however the seller has an existing home loan of 15lakh from SBI on that property. What will be the best way to buy that property..I mean can i get his home loan transferred on my name...if not please suggest a best way.....



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jayakumar.R

jayakumar.R (ADVOCATE & LEGAL CONSULTANT)     05 February 2013

You can apply the loan with same Bank branch branch (where seller  loan account is maintained) So After santioning the loan provisionaly bank people settle the loan of your seller &  transfer the documents easily to your loan account, if you apply loan with different bank or Financial institutions it will be difficult. 


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