I’m buying a property with my mom as a co-applicant, but the bank wants a NOC from my brother saying he won’t claim any rights to it. Will the loan be rejected without this? I plan to transfer the property to my brother later. Why does the bank need this NOC?

Indian law doesn’t mandate a NOC from siblings for property loans. The bank likely seeks this to avoid future disputes regarding ownership. However, if you intend to transfer the property later, it’s advisable to consult a lawyer to ensure a smooth transfer process without complications.