What is the process and term duration for a power of attorney for bank loan purpose in Pune?
I am about to leave the country for some training purpose. I want to assign my power of attorney so as to have a fruitful flow of loan from the bank, with whom I have a sanction as of now.
Posted on 09-Jul-18
Answered on 20-Jul-18
This is my response to you:
1. Sign a POA to assign your duties to a person;
2. You can also make a Principal-Agent agreement;
3. Your agent can do the work on your behalf and he/she gets full or half powers as you may assign;
4. Make it on stamp paper and notrarize the same.
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