How does it work?
Sorha Aana Developer Pvt. Ltd. provides end-to-end solutions for property sales, rentals, home loans, legal services, and more.
Asset Evaluation
Assess the value of the asset offered as collateral to ensure it meets loan requirements.
Legal Verification
Verify the legal ownership and clear any disputes on the collateral asset.
Documentation and Agreement
Prepare and sign agreements detailing the collateral terms, ensuring legal compliance.
Collateral Management Procedure
1. Asset Evaluation
Assess the value of assets being offered as collateral:
- Ensure the asset's value meets the loan or credit requirements.
- Conduct thorough appraisals using industry standards.
2. Legal Verification
Verify the legal standing of the collateral:
- Ensure the asset is free from legal disputes or encumbrances.
- Confirm proper ownership documentation.
3. Documentation and Agreement
Prepare and sign the necessary agreements:
- Draft contracts that outline the terms of the collateral and loan.
- Ensure compliance with all legal requirements.
4. Ongoing Monitoring
Monitor the collateral’s value and condition over time:
- Conduct regular assessments to ensure the collateral maintains its value.
- Take action if any discrepancies arise.
5. Release or Liquidation
Handle the collateral once the loan is repaid or defaults:
- Release the collateral back to the borrower upon full loan repayment.
- Liquidate the asset if the loan is not repaid in accordance with the agreement.
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