Cersai charges

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pradeep chaudhary (Querist)
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01 January 2015 dear sirs,
i would like to know what is cersai charges in home loan.
and bank can take cersai charges from borrower even the loan is not disburshed.

and if cersai charges is due for the payment for particular loan account and loan amount is not disburshed then what it means.

i request you to reply please.

thanks to all in advance.

Ketan Shah

Ketan Shah (Expert)
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01 January 2015 CERSAI charges are debited for registration of case with authority under SARFESI Act so as to provide bank a quassi judicial authority in case of recovery.

pradeep chaudhary

pradeep chaudhary (Querist)
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02 January 2015 thanks for reply,
sir
if loan not disburshed then to bank will demand the cersai charges from borrowers

Ketan Shah

Ketan Shah (Expert)
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02 January 2015 Banks usually debit the cersai charges on creation of mortgage. Question of disbursement is secondary.

pradeep chaudhary

pradeep chaudhary (Querist)
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03 January 2015 Sir can u please tell me what is the meaning of creation of mortagage

pradeep chaudhary

pradeep chaudhary (Querist)
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06 January 2015 Sir can u pls tell me what is the meaning of mortagage