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Can co operative society bank issue loan


16-Mar-2023 (In Banking / Finance Law)

can co operative society bank issue an loan of an joint property to only single partner and without any guarantors??

Answers (1)

Answer #1
421 votes

In case of the joint property, the bank cannot issue loan on such joint property without the permission of the other owner of the property. But an owner of a joint property can get loan from the bank on his share of the property.

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