I think BANKS should have no difficulty in giving loans to these 2 persons. for giving loans a banker sees three C\"S . CHARACTER< CAPACITY & CAPITAL. If they have the repaying capacity banks can grant them the loan. it is just like a partnership account. a loan for HOUSING can be given to a father & son , Mother & daughter, husband & wife , stepfather & step son , uncle & nephew. So why not here. There is a clause in the documents executed that bank can recover the amount either from A or from B . If A & B ( BORROWERS) dont repay it can be recovered from C ( GUARANTOR) . RAJIV BAKSHI EX SENIOR MANAGER OF A NATIONALISED BANK .
Re: Re: LIVE IN COUPLES JOINT HOME LOAN
by Edison John on Jul 18, 2012 08:38 AM
In his own home at Ludhiana. Can't you read properly , my dear virendra Kumar. He is an EX....Ex.. Senior Manager of a Public sector Nationalised Bank.
Re: LIVE IN COUPLES JOINT HOME LOAN
by Amithkumar on Jul 20, 2012 02:20 PM
If C guaranties for those two live-in partners then it is possible as u said, but in our society who will come to give guaranty for that kind of relationship.
I think BANKS should have no difficulty in giving loans to these 2 persons. for giving loans a banker sees three C"S . CHARACTER< CAPACITY & CAPITAL. If they have the repaying capacity banks can grant them the loan. it is just like a partnership account. a loan for HOUSING can be given to a father & son , Mother & daughter, husband & wife , stepfather & step son , uncle & nephew. So why not here. There is a clause in the documents executed that bank can recover the amount either from A or from B . If A & B ( BORROWERS) dont repay it can be recovered from C ( GUARANTOR) . RAJIV BAKSHI EX SENIOR MANAGER OF A NATIONALISED BANK .
I think BANKS should have no difficulty in giving loans to these 2 persons. for giving loans a banker sees three C"S . CHARACTER< CAPACITY & CAPITAL. If they have the repaying capacity banks can grant them the loan. it is just like a partnership account. a loan for HOUSING can be given to a father & son , Mother & daughter, husband & wife , stepfather & step son , uncle & nephew. So why not here. There is a clause in the documents executed that bank can recover the amount either from A or from B . If A & B ( BORROWERS) dont repay it can be recovered from C ( GUARANTOR) . RAJIV BAKSHI EX SENIOR MANAGER OF A NATIONALISED BANK .
Re: Re: Committing fornication openly
by Venugopalan on Jul 17, 2012 11:56 AM
it is a huge risk, if one of them walks out of the relationship for greaner pastures the other will have to carry the burden..
Re: Can live-in couples get a joint home loan?
by Edison John on Jul 18, 2012 08:43 AM
In School, what will they write in the " Name of Father " and " Name of Mother " columns ?????
