Queries

Legal Dispute May Arise If Parent Is Co-Owner Jason Yumnam, Bengaluru I work as a software professional in Bengaluru. I want to buy a plot of land for residential purposes at my native place in Manipur. But the bank where I have my salary account for the last five years is unwilling to extend the loan for multiple reasons. First, it is for a plot of land, and second, my ancestral village is close to the international border. Should I get my father as a co-applicant and get the loan sanctioned from the rural bank in my hometown? In that case, will my brother and sister also have claim on the land as my father will be a co-applicant along with me? As your bank from which you draw your salary is not willing to sanction the loan, it would be better to apply for the loan from a rural bank in your hometown in your own name with your father as the guarantor or surety rather than as a...