Dilipkumar, Hyderabad
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Can I sell flat with home loan
Q: I have on-going loan with ICICI bank, is it possible to sale the flat and then pay money back to bank?

Latest Answer: Hello Dilip, you can sale the property through normal sale procedure, since it is under loan. In this case if the buyer wish to take home loan from the same bank from where you have taken than there is a process called book transfer. But if the buyer is planning to take home loan from any other bank than fund transfer process will be applicable by tripartite agreement between bank, you and the buyer. If the buyer is paying the total amount than both of you need to sign sale agreement and you have to provide all the legal and needful documents to new buyer.

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