one hundred percent this is possible
i have done exactly the same thing but in reverse location
i work in bangalore and my dad lives in chennai and we bought him a car which was delivered to him in chennai and whose loan i pay for in bangalore
this is very easily do able via the good banks like ICICI and HDFC - they will actively assist you in this
all the best
Quote:
Originally Posted by superamerica  I have a case where i would like to gift a car to my dad residing in bangalore. I work in chennai. In such a scenario i can get a loan only in chennai because that is where i work and have my residence proof (required documentation for car loans).
In the above scenario i have the following questions :-
1. Can i get the loan approved in chennai against the invoice of a car dealer in bangalore and get it disbursed to him in bangalore?
2. Has anyone out there done something like this of late? If so, can you point me to contacts in banks/agents in chennai. |