Asset Reconstruction Company – CERSAI
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To Know More Information – CERSAI
What Do You Understand by Home Loan CERSAI Charges?
What is CERSAI & CERSAI Charges? The Central Registry of Securitisation Asset Reconstruction and Security Interest of India or CERSAI charges is a term referred to in the context of housing loans. CERSAI is a company licensed under Section 8 of Companies Act of 2013 by the Government of India. According to this Act, the Central Government of India and certain public sector banks, including National Housing Banks, constitute 51% shareholding in CERSAI . CERSAI was formed to analyze and identify any dubious activity, particularly regarding home loans against property or mortgage home loans, i.e. various loans obtained by pledging the same property. The major purpose of the CERSAI establishment was to alleviate and avoid all illegal practices relating to multiple loans against the same property or asset from various lenders. The Government then began implementing CERSAI charges on home loans to safeguard the interests of the lenders while extending...
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