Can I buy a flat by making down payment from my Father’s retirement money and get home loan on my name for rest of the cost?
Is their any complications if I do that?
Its actually a great situation to be able to buy a property without loan. However I suggest you still take a small loan (like 4-5 lacs) , so that bank from their side make sure the documentation check is done properly !
Hello Manish,
Can I buy a flat by making down payment from my Father’s retirement money and get home loan on my name for rest of the cost?
Is their any complications if I do that?
Thanks in advance.
No , its totally ok . You can do this
Its actually a great situation to be able to buy a property without loan. However I suggest you still take a small loan (like 4-5 lacs) , so that bank from their side make sure the documentation check is done properly !
Manish