Loan issue
5 years ago
Sir I have two schools and I m in debts now I want to take a loan against property I have lost the original deed of my property now a Pvt company named lap loan legal associates from Delhi is giving loan on very low rates they have asked me for insolvency certificate I have provided and they have asked me for power of attorney too I have made it with two clauses of mine that power of attorney will be effective only I m unable to pay the three consecutive installments. They are asking for a certificate permission to mortgage tell me will it be safe to take loan from Pvt agency.
Rameshwar Dadhe
Responded 5 years ago
A.Dear sir if u lost Ur original documents then no issues u should approach to the nearest registration office and made application for certified copy of documents. It is also original documents. Otherwise call me for more details please
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A.Dear Sir,
You may negotiate with the bankers or ask them to approach civil Court so that you will get some time.
You may negotiate with the bankers or ask them to approach civil Court so that you will get some time.
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Shreyash Mohta
Responded 5 years ago
A.Sir it is completely fine to take loan from a pvt company.
However, You should check the following
1. Authenticity
2. Years of establishment
3. Do a background check
4. Review the documents properly by a good lawyer
Only then take a loan. Or else many companies add certain clauses which ultimately keep you in a tight spot.
Thanks
Shreyash Mohta
However, You should check the following
1. Authenticity
2. Years of establishment
3. Do a background check
4. Review the documents properly by a good lawyer
Only then take a loan. Or else many companies add certain clauses which ultimately keep you in a tight spot.
Thanks
Shreyash Mohta
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