Good news for all borrowers, planning to borrow a loan against your property anywhere in India as mortgage from any of bank or any other financial institution. From 1st April’13 onward it is mandatory for all borrowers to intimate the loan transaction detail to the concern registrar. Simply say this is completely something new and for the same reason I am excited to share my experience with you all.
I am using my personal example to explain easily to all viewers. Some time ago I have taken a new housing loan from well known private bank and after some time it has done a part disbursement. I got a call from bank and the person updated me that along with the bank guy I have to get some agreement papers submitted to joint sub-registrar’s office. He said, it is mandatory and it has to be done within 30 days of loan agreement done or stamp duty paid by borrower.
No need to panic Just wait a while…
Here are some important points waiting for you and I am sure it will be very helpful! You can call your advocate or any registered consultant to help you in this agreement or directly go to your local Haveli office in Pune city. I would like to let yo know that there are only three Haveli offices for joint sub-registrar where you can do your intimation of registered agreement in Pune. You can do it directly without taking any help from advocate. You just need to go at Haveli No 23 near GPO and it is opposite to BJ Medical College Girls Hostel, Pune.
The credit officer of the Loan Provider banks will give you the set of agreement documents attested by him with photographs and he will tell you to visit at joint sub-registrar office at Haveli No. 23. As the credit manager was a private bank , he will help you every time. Those people have taken Mortgage loans or housing loan from public sector banks like SBI or BOI have to do it by themselves. Please check the below given list of required documents.
- Complete filled intimation form with franked for Rs.100 and the same needs to be submitted of mortgagor duly signed by bank authorized signatory. Generally your bank can franks if not than you need to do the same from any of another banks like Axis bank, SBI, Corporation bank etc.
- Point no. 18 on the said agreement notice of form to be enclosed with duly signed and executed (franked) with copy of loan Agreement, both side accepted loan sanction letter and property Index-II copy of property mortgaged duly signed by bank official.
- Need to do self-attested identity proof, address proof (PAN Card) Copy of the designated credit officer from the bank along with company stamp.
- Need to do self-attest KYC documents (PAN Card) Copy of all the loan applicants.
So this is the complete information about Equitable Mortgage Registration for home loan/ Mortgage Loan in Pune city.
