CERSAI Charges on Home Loan – Everything You Should Know

WHAT IS CERSAI?

CERSAI is an abbreviation of the Central Registry of Securitisation Asset

Reconstruction and Security Interest. The Indian Government created CERSAI to detect untoward activity associated with Home Loans.

CERSAI CHARGES ON HOME LOAN

There are certain steps borrowers must take to apply for a Home Loan. While checking home loan eligibility criteria, submitting all the home loan documents required, and filling out details are naturally most important, they should also look up the CERSAI charges on home loans.

CERSAI OBJECTIVE

As previously mentioned, the Indian Government began CERSAI to contain questionable and deceitful actions associated with housing loans, such as people applying for a loan for the same property from different lenders. It was also launched to maintain a single registry of mortgages.

The CERSAI registration is carried through the official CERSAI platform. The following are the steps involved with CERSAI registration: Visit CERSAI’s official website. Click on Entity Registration and fill out the form. Select the Mode of Entity Registration. If you choose CKYC, fill in the complete details and upload a digital signature. Enter CAPTCHA and click Submit. Once the process is done, you can track the progress online.

HOW TO REGISTER WITH CERSAI?

Website

https://www.pnbhousing.com/blog/cersai-charges-onhome-loan/

Reference

https://en.wikipedia.org/wiki/Loan