I am trying to shift my loan from one bank to Dena Bank. I was going through Dena Banks loan agreement when I noticed these two points.
1) shall not during the tenure of the agreement either part with possession of or create third party rights in the property (whether by way of license or tenancy or use as guest house) or alieanate it (whether by way of sale, exchange, lease, mortage)
I have already given the property on rent, so does this mean that when I sign Dena banks agreement, I would be a defaulter because I have broken rule no 1.
2) Shall not leave India for employment or bussiness without first fully repaying the Dena Niwas Loan then outstanding.
So if I leave India because of my job, I would be a defaulter.
Can I tell the dena manager to cancel these two clauses from the agreement booklet by striking them out and signing next to it. Does that work ??
Thanks in advance
