Property suit
1 year ago
Me and my brother took home loan together but from last 5years he is not paying the emi then what should be the legal action I can take against my brother (their is no any contact regarding loan Between me and my brother)
A.Dear Client,
It is advisable that in case of a joint loan to inform the concerned bank to transfer the property in your name entirely.
It is advisable that in case of a joint loan to inform the concerned bank to transfer the property in your name entirely.
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A.Dear client
When a loan is taken in joint name then even if one of the loanee is not paying the other have to keep paying else the account will become NPA.
Here in this case you need to inform the bank on this and also document the same that your brother is not paying the EMI so that later on when you wish to own the complete property you can use the doc
When a loan is taken in joint name then even if one of the loanee is not paying the other have to keep paying else the account will become NPA.
Here in this case you need to inform the bank on this and also document the same that your brother is not paying the EMI so that later on when you wish to own the complete property you can use the doc
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