Bank will not grant NOC for execution of gift deed or settlement deed till loan is repaid 

2) after repayment of loan husband execute registered gift deed in favour of wife 

Before the loan amount has been paid the land cannot change hands although the husband can give you a power of attorney and you can do whatever you want.

1. Husband can execute a Gift Deed in favor of his Wife, and havfe it attested by the Indian Consulate, post it to Wife and Wife can get it Stamp Duty paid and Registered in India.

2. The above is the most simplest thing.  However Husband would require Bank NOC for transfer to Wife's name and Wfe would need to give undertaking to Bank to service the Loan.

Settlement can be done.

Bank has to give NoC.

Regards 

G.Rajaganapathy 

High Court of Madras 

No need of bank NOC. Husband can execute gift deed in favor of wife but for that need to come to Chennai or send POA.

Yes he can execute a registered gift deed or settlement deed in the same

1. Bank will not allow to tranfer of property to wife's name until loan is sanctioned on name of wife. 

2. After sanction of loan husband can execute gift deed in favour of wife. 

Once the bank gives you permission. You may execute a settlement deed.

The bank cannot give No objection to ther proposed transfer of title from the owner to any person including his own wife til such time the home loan amount is fully discharged.

If the wife is ready to repay the home loan with interest fully and submits collateral security for that, then with her request letter and the borrower's consent letter as well as his request to bank to transfer the loan account to her name, then the bank may give NOC for transferring the property to her name by a registered deed.