Can a property which is under a loan liability be donated


The property is clearer, The home loan is up to the next 14 years. Can a property be donated?

Answers (1)


117 votes

If there is an agreement between the creditor and the borrower that the property is mortgaged against the loan provided, then no third party right/interest can be created in respect of the said property without the consent of the creditor. Donation creates third party (donee) right in the property.


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