Category: Financing
Special-purpose loan product offered by select banks to fund auction property purchase.
SBI, HDFC, ICICI, Axis, and several PSU banks offer this product. Approval requires the sale certificate, encumbrance certificate, lender’s panel-lawyer legal opinion, and bidder’s income proof. Disbursement timelines are tight: 7-14 days from sale certificate.
Need broader context? Read our pillar guides for in-depth coverage of SARFAESI, DRT, NCLT, EMD, title due diligence, and financing.
