Prasen Baruah (Founder) 23 June 2013
I am looking for a start up business finance and want to keep my flat as mortgage. The problem is that my flat is unregistered. Will a bank give me loan on that unregistered flat? Kindly advice. I would also like to know about any other sources that can provide me loan for start up business. As I have seen banks only provide loans for established business and not for starting up.
Sudhir Kumar, Advocate (Advocate) 23 June 2013
not a legal query.
Prasen Baruah (Founder) 24 June 2013
Yes you are right. The second part of the question was a bit out of being a legal query. However, just let me know that is it legally harmfull to take a loan against an unregistered flat. Am I going to be in trouble legally if I offer my unregistered flat. against loan ?
Thank You
Sudhir Kumar, Advocate (Advocate) 24 June 2013
it is still not a legal qauery.
you will nto be introuble if you do not misrepresent the facts.
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