We are 3 brothers. My eldest brother and me bought a Rs.28 lakh flat in Joint Agreement. We have paid a Down payment of Rs. 8 lakhs in cash (3.5 Me , 2.25 eldest brother and 2.5 from Dad and Other brother) and taken loan 0f Rs. 20 Lakhs in My name and my eldest brother is guarantor. From 4 to 5 months there have been some disputes between me and both my brothers. My dad and Mother is with me. I was Paying the full EMI of Rs18348/- since 2 years and still paying the EMI.
The flat money is also causing disputes for which I am ready to pay back the Down payment amount taken from my brothers and remove their names from the flat agreement. But they are not agreeing to this and do not want to compromise. They want current half cost (Rs 20 Lakh) of flat.
Now can you suggest me How I can get out of this without affecting my credit records.
1. Can I get full flat ownership by paying loan amount.
2. After 20 years When I do a full payment if my brothers quarrels again, what will be my step.
3. Can I sell the flat and get Home loan paid and Cash which I given at Down payment without affecting Credit record.

1. As long as the title is shared, paying the loan will not get you full ownership.
3. As long as the loan is paid on time there should be no adverse affect to your credit record.
2. If the title is in your name and your brother's he has a half share of it, unless your joint agreement specified otherwise. To get him off you need to buy out his share. To sell it you need his agreement.

Thanks ScottGe,

It is very useful suggestion for me.

But now I am leaving into the Flat and Paying EMI. How I get out of this?
Can I put Case ageist him or stop payment.
Please help.