We booked and registered a flat in Mumbai. Now due to change in circumstances, we want to apply for a home loan for remaining 30% of home loan. 70% already paid to builders. However, Banks are saying that with a minor as co-owner we cannot take a home loan and that we need to remove the minor's name before we can apply for loan.

Can anyone suggest the procedure, time and cost to remove minor's name from the registered property in flat so that we can apply for loan. Thanks.
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  • Originally Posted by raoaasha
    We booked and registered a flat in Mumbai. Now due to change in circumstances, we want to apply for a home loan for remaining 30% of home loan. 70% already paid to builders. However, Banks are saying that with a minor as co-owner we cannot take a home loan and that we need to remove the minor's name before we can apply for loan.

    Can anyone suggest the procedure, time and cost to remove minor's name from the registered property in flat so that we can apply for loan. Thanks.


    Please note that this thread has been moved to the appropriate sub forum.
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