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How to Check if a Loan is Taken Against the Property?

Looking to buy a property? Now you can find out whether the property is mortgaged with any bank or housing finance company.

Make sure the property isn’t already mortgaged if you intend to use it as collateral for a house loan or loan against property on the one you’re about to purchase.

The main goal of this is to protect the interests of lenders and society as a whole. It will help prevent people from getting credit for the same property from multiple lenders. This can also check if someone is trying to sell an already mortgaged property.

The government of India launched the CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India), as a register that keeps data on loan assets. The CERSAI was founded with the objective to clamp down on dubious and fraudulent activities in lending.

The register contains information on any mortgages or loans made on a property or asset. It also tells the bank or lender that sanctioned the loan and the details of the borrower.

Registration of Property

The registration of property is the process by which a person or entity registers its ownership in a piece of real estate, such as an apartment building. A deed to the property must be filed with the appropriate government agency before it can be transferred into the name of another party.

Under the Registration Act 1908, the property must be registered for sale, assignment, gift, or lease. Under Section 17 of the Registration Act, 1908, any transaction involving the sale of property worth more than Rs 100 should be registered. Property registration involves the necessary stamping of the deed of sale, payment of registration fees, and registration with the sub-registrar in the relevant jurisdiction.

Loan Against Property

Loan Against Property is a secured loan product that can be useful for both salaried individuals as well as businesses.

The loan gets sanctioned once you mortgage your residential or commercial property.

The bank approves the credit amount, which is equivalent to the current value of the property.

As a loan buyer, you can mortgage a property that is self-occupied, rented, or any piece of land owned by you.

The Benefits of a Loan Against Property

Long repayment tenure: 

LAP or Loan Against Property has a long repayment tenure that can stretch up to 15 years.

Lower interest rates: 

As compared to other unsecured products like Personal Loans, where the rate of interest is usually high, LAP has lower interest charges.

Lower EMIs: 

The longer the tenure, the lower the EMI. Since the tenure of the Loan Against Property is longer, the EMIs also get reduced. Thus, bringing down the burden of the loan.

Easy to avail: 

You can easily avail LAP as it is a secured loan type and banks are willing to provide the credit. If you have a property, you can mortgage it with a reputed bank to get a loan for any business or personal needs.

To make sure that you’re not a victim of fraud, you need to go through proper documents and check if there is a loan against your property before going through the registration process.

The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) maintains a record of all the properties and their mortgage information is available to them.

The new buyer can access this information by paying a minimal fee. You will get access to the property’s information by searching its registration number, address, etc.


As we all are aware, it is very necessary to be careful when checking property details before the registration process. If you are looking to buy a property then, get it verified before investing through

A Loan Against Property means that the property remains collateral to the lender until the loan is repaid. CSC Seva Center provides you full support and assistance as we offer online services related to govt. If the house you are about to purchase already has a loan against it, you might become a victim of fraud.

CSC Seva Center can also help you to provide a NOC or any other documents assistance easily. i.e., that there are no dues on the society or flats sold by him/ or party/ builder.

One cannot say they did not know that the builder had taken a loan on their property. It is your responsibility as a buyer to investigate and check whether your property is free of all legal defects.

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