Question
Q: loan against property
Answer
A:
A loan against property is a secured credit facility where the lender takes a mortgage/charge over your property, so recovery must follow lawful procedure and the terms of the loan agreement. You should immediately review the sanction letter, mortgage papers, interest rate, penal interest, foreclosure charges, and default clauses, because most disputes arise from hidden fees and unclear repayment terms. Keep every payment strictly through bank transfer so your UTR and bank statement remain strong documentary evidence. If any recovery person uses threats or coercion, the facts may attract BNS principles on criminal intimidation and unlawful pressure tactics.
Legals365 and Advocate BK Singh can vet your entire document set, assess legal risk, and communicate with the lender in a legally protective manner.
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By Advocate BK Singh
(Delhi High Court)
