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Answered on Nov 09, 2022

Shivam Question by Shivam on Nov 09, 2022Hindi
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I have a friend who wants to apply for housing loan but the house is under mother’s name so can my friend apply for power of attorney and then apply for the loan? Will it be one of the procedures for the loan success?

Ans: In order to apply for a loan against a certain property, all owners of the same have to be involved in the loan. So, either your friend’s mother will need to be involved in the loan or the sale deed will have to be transferred in your friend’s name before applying for a home loan against it.

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