Q:Recently, I have constructed a house by availing a personal loan from Bank of India. My loan tenure period is 7yrs. I just wanted to know whether I can rent this house. Shall I inform the bank before renting this house?
Latest Answer: Yes, of course you can rent that house on which you have taken the loan. But before renting the house, you need to get permission from your respective bank as per the home loan agreement.
