Loan on mortgage of property

CA.Varalakshmi.M (Manager-Finance) (482 Points)

13 December 2012  

Hello friends,

X company wants to take a loan on mortgage of a property .

Property is registered in the name of the third party no where related to company.

Can Company takes loan on mortgage of a property related to third party?

Does Bank reject loan to comp on mortgage of third party's property?