Property Title Search & Valuation

Property Title Search & Valuation

A secured loan application is approved only after the completion of a legal and technical verification process of the property mortgaged by the borrower. We talk in detail about the impact of this procedure on the buyer’s secured loan application status and the approved loan amount.

Banks and financial institutions make use of a variety of risk assessment tools and procedures in order to determine the creditworthiness of a borrower. These measures are followed in a more stringent manner in case of secured loan applications wherein the ticket size of the mortgage is huge.

Besides assessing the individual creditworthiness of the borrower, the lending institution also assesses the true market value of the said property as it is the only security available to them in case the borrower commits a default in the repayment of the loan. Thus, to safeguard their risk involved in extending the loan, financial institutions perform a legal and technical verification of the property against which they give the loan.

However, when you apply for a loan with OneNDF, you do not have to worry about this aspect of your property. Our Loan Pundit will hand-hold you in ensuring all the documents are completed as per the Lending Institution’s requirement. The Legal search report / Valuation with no negative remarks is required to sanction the case and to ensure that there is no delay in the disbursement due to the Legal / Valuation of the property. We can also help you connect with professionals who can assist you in case of a road block. Additionally; we will also extend support for getting the documents from the required authority.