Category: Financing
Refinancing an auction-property loan to a different lender at better terms after a seasoning period.
Most lenders permit balance transfer after 12 months of repayment. Auction borrowers often take a higher-rate loan from the seizing bank for fast disbursement, then refinance to a lower-rate lender once the property is registered and EC is updated.
Need broader context? Read our pillar guides for in-depth coverage of SARFAESI, DRT, NCLT, EMD, title due diligence, and financing.
