Will bank remove my name from home loan, if i give up ownership of the home

[User_d85a7162]

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User_d85a7162
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April 25, 2026 at 7:32 pm

I have a home loan of 50 lakhs approximately in my brother and my name. We both pay 16k per month for it as emi. I was 22 when thus loan was started, with lesser income and was too naive.

It is now, that I understand that it was a plotted scheme by my bhabhi to buy a house as an insurance for her future, where I am getting used to pay the emi. I dont like the house or staying there.

My question is, If I give up ownership legally, will the bank be remove my name from the loan account?

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