How to safeguard myself in buying property

It is not advisable to clear the bank loan lying on the name of seller.

The loan you can avail from the bank will be based on the sale agreement entered with the seller.

The bank cannot transfer the loan to your name because you are not the title holder, therefore until the title to the property is on your name you cannot claim any benefits as a right over the property.

you may better enter into a sale agreement and pay the amount as advance towards the sale consideration amount and get the agreement registered on a tripartie agreement by involving bank also in this.

This will prevent the seller to sell the property to a third party

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Hello Sir,

Thanks for the reply. What if I make a sale agreement with seller on ₹100 Stamp under which it is mentioned that I will pay 18 Lakh to clear the loan and submit this agreement to bank when applying for loan. Will this protect me? 

You have to  register it ,if not you will have irreparable damage.

It is not your burden to clear the loan or any liability of the seller.

If you want to purchase the property, then you may enter into a sale agreement with the conditions thereon as per law and can transfer the advance amount as mentioned in the sale agreement in favor of the seller. Let him clear his loan or do whatever he would like to do with the amount.

If he is not performing his part of contract within the time stipulated in the sale agreement then he will be liable for the legal consequences when you approach court with a suit for specific relief against the seller in this regard.