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Date : Jul 31, 2008

Question

the property is in my mother-in-law's name and i am interested in taking loan for buying another property. i am a salaried person. can i and my mother-in-law become joint borrowers of loan.

Answer

You can jointly borrow with your mother in law only if you are a co-owner of the property and not unless. You can get a loan based on your income and repayment track record. You may want to approach www.apnaloan.com for a loan because here is where banks compete for your loan.

 

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