23 March 2016
I have purchase of one house. but my land lord pay for loan against these property can my land lord transfer loan for me.and what conditions for fullfilled by ne and my landlord.
23 March 2016
I dont think the loan can be transferred as such. But you can meet the same banker that your land lord had. Once the sale happens based on your income and age credentials they shall see how much loan you are eligible for. Once your eligibility is confirmed they will open a new loan in your name and transfer the amount from your loan to your land lord account and thereafter close his loan account.
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