Is it possible if a person needs Loan against property in favour of his pvt. ltd company but the property which is to be mortgaged is registered in personal name of applicant?
2 Replies
Jitendra Vyas
(Commercial Officer)
(178 Points)
Replied 03 May 2012
May be possible by giving guarntee
Aditya Soni
(CS Final Student Trainee)
(727 Points)
Replied 08 May 2012
Dear seema,
It is not possible to take loan against that property unless that person bring that proprety as the promoter of the company.
Regards,
Aditya
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