Can i sell flat at the same time be the loan provider to the customer ?

Q: Can i sell my group of apartments to the the buyer at the same time can i be the loan provider if yes what the procedure i need to follow and to start giving loans what all the permissions i need to get and from which department i need to approach.

Srinivas reddy, Apartment Resident

30th March 2015

Legal in Nallagandla, Hyderabad

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Hi , there is no such rule that you cannot provide loan in same time when you are sell the property . but for loan you have be get approval from the concerned bank for tie up and also you have to tie up for the interest payment procedure. so for tie up you can consult with the local branch of concerned bank for any rule and procedure.