Home loan on Land registered on Father-in-laws name

Q & A Forum › Category: Home Loans & Credit › Home loan on Land registered on Father-in-laws name

Uma Puranik asked 9 years ago

Hi Sreekanth, We have a 37 years old house. Want to reconstruct and I want to take loan on my name. Don't want to transfer property completely on mine or Husband's name. What are the options? Thank you, Uma

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Sreekanth Staff answered 9 years ago

Hi Uam ji, Your Father-in-law and you can jointly apply for home loan. Some bankers may insist on your husband also to be a co-applicant to home loan. You can pay the home loan EMIs, along with your spouse (if so). Related Articles : https://www.relakhs.com/joint-home-loan-eligibility-rules-income-tax-benefits/ https://www.relakhs.com/real-estate-property-transfer-deed-types/

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Uma Puranik answered 9 years ago

Thank you Sreekanth!