Mutual fund investments query
This query is : Open
30 May 2024
Query:
One of my client has taken a mortgage loan against his property of Rs 1 crore for purchasing other property so my question is as now after taking loan he has decided to not invest in property and he wants to invest in mutual fund.
So my query is can he do so
One of my client has taken a mortgage loan against his property of Rs 1 crore for purchasing other property so my question is as now after taking loan he has decided to not invest in property and he wants to invest in mutual fund.
So my query is can he do so
30 May 2024
Check any restriction imposed by bank for the utilization of the loan for any specific purpose; otherwise no issue.
30 May 2024
loan against property can be used for any purpose , home loans have restriction for specific home purchase.
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