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Home loan against property owned by 3 partners


13-Sep-2023 (In Property Law)
Sir We are three partners on land l have gift deed and partation deed can I get loan against my floor
Answers (2)

Answer #1
918 votes
Do you have a partition deed or an order for partition? Without an order for partition, you will not be able to demarcate which floor/portion is yours. usually, only once your specific portion if demarcated will a loan be sanctioned against it.
Answer #2
540 votes
Hi,
I would like to inform you that as per certain banks norm's you are allowed to take loan on your share of property if you have the partition deed. However some banks may not always allow you. In case you need any further assistance please feel free to contact me.
Regards,
Dr ANUPAM KUMAR MISHRA.
ADVOCATE.

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