How does the CERSAI database help Homebuyers and banks?

The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) was established, under Section 20 of the SARFAESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002). It is a government-owned company that operates a central registry that deals with the filing of the security interest of…

How does a bank decide your home loan eligibility?

Housing loans are sanctioned by banks mainly on the assessment of prospective borrowers’ monthly repayment capacity for the entire tenure of the loan and borrower’s credit-payment history provided by credit information companies like CIBIL about previous loans/credit cards etc. enjoyed by the customer from various financial institutions. Also, Banks generally fix an upper age limit…

Teaser rate home loans: Knowing just the amount of the EMI or the interest rate is not good enough

You might have identified a property for purchase that suits your requirement. In my previous article ‘How to examine title deeds of house property?‘ among other things, I have suggested the buyers consider important aspects before entering into the sale agreement with the vendor for the purchase of a flat/house. In this post, we will…

Appraisal of financing infrastructure projects

Any credit facility provided to a borrower company engaged in an infrastructure facility is known as ‘infrastructure lending’.  The activities such as developing, or operating, and maintaining, or developing, operating, and maintaining any infrastructure facility of the following sector are called infrastructure projects.  a road, including toll road, a bridge or a rail system;  a…

Appraisal of Working Capital Finance to Information Technology and Software Industry

Reserve Bank of India has framed guidelines for extending working capital finance to the Information Technology and Software Industry, based on the recommendations of the National Taskforce on Information Technology and Software development. However, said guidelines prepared by the central bank are not mandatory for lenders. They are free to modify RBI framed guidelines, built…