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Loan in that name of a Society
5 years ago
If I apply for a loan to buy land in the name of a society, can I get the land registered on an individual's name who is a member of society or should it only be registered in the name of Society?
Manjula Shanmugasundaram
Responded 5 years ago
A.No. That will be wrong. The owner of the property should be the borrower also.
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Neeraj Kumar
Responded 5 years ago
A.Hello there,
That will be incorrect according to the procedure.
That will be incorrect according to the procedure.
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Sunil
Responded 5 years ago
A.No ....u cant.....the property must be registered on the name of company or alll its members..................
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Ramalingaiah Mulakatte
Responded 5 years ago
A.Whoever applies for loan to buy land the land should be registered and conveyed in its/their name.
For example, if an individual applies personally for loan to buy land, then the purchaser should be that individual.
If a society applies for loan to buy land in its name then the land should be bought in society's name.
For example, if an individual applies personally for loan to buy land, then the purchaser should be that individual.
If a society applies for loan to buy land in its name then the land should be bought in society's name.
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