My cousin wants me to take a ₹20L loan + register his ₹1.3Cr house in my name — good idea or huge red flag?
My cousin bought a house on a home loan, but his application got rejected — turns out his parents’ names don’t match across his documents (a KYC/documentation mismatch, not a credit issue). Now his plan is: he registers the house in my name, I take a ₹20L loan (on a property worth ₹1.3Cr) to “buy” it, he pays all the EMIs, and once the loan is fully paid off, he’ll transfer the house back to himself. If he ever misses payments, he says I can just sell the house and recover my money.
u/Ok_Coffee5976 — 10 hours ago