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Security

Equitable Mortgage

The security for the loan would be the equitable mortgage of the property financed. This is created by the deposit of the original title deeds of the property with us.

The title deed consists of the original stamped and registered sale deed of the property or such other documents that prove your ownership of the property.

Personal Guarantee

Generally, we do not require any guarantor for the loan. However, in the following cases, we require a personal guarantee from a friend or relative based in India :

	Where the borrower is in software industry (exceptions are green card holders in the USA or those with a permanent job in the USA for the last two years)
	Where the borrower is an under-graduate
	Where no co-applicant is available to the loan application
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