Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Collateral is an asset pledged to secure a loan, which the lender can seize and sell if the borrower defaults on repayment.
Collateral is what you pledge to the bank — your house for home loan, gold for gold loan — they can take it if you don't pay.
Secured loans offer lower rates due to reduced lender risk. LTV determines loan amount vs collateral value. Equitable mortgage on property title common for home loans. Unsecured loans like personal loans require no collateral but charge higher rates.
₹80 lakh property mortgaged for ₹56 lakh home loan (70% LTV). Default triggers SARFAESI proceedings allowing lender auction of property after legal process.
Yes with lender NOC. Buyer pays or you prepay outstanding from sale proceeds to release mortgage before transfer.
Stock, receivables, property, or personal guarantees. CGTMSE covers collateral-free MSME loans up to limits for eligible borrowers.
Lenders lend 75% of gold value per RBI norms. Ornaments with stones valued on net gold weight only.