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Procedure of transferring loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 May 2014 can i transfer my home or car loan to another person who is buying my home or car in case loan is still outstanding.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
04 May 2014 you can sell but only subject to repayment of bank loan or if the bank agrees to allow substitution.
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