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Brijendra Gupta   27 July 2022

Lien marking of loan

I was sanctioned loan against property in Zirakpur Punjab by IDFC first bank. Before disbursement bank wants to get Lien marked in Land and revenue department. They handed over me a letter written by bank to Tehsildar mentioning marking lein on sanctioned loan. Bank manager called me and asked me to get it done. As patwaris in punjab are very corrupt he asked me to give INR 6000/- in cash to get work done.

my queries are- 1. If bank writing to Tehsildar then where is me to get it fone. Whose duty to get lien marked?

2. Can any one tell me legal fees for it in Pynjab? As patwaris cannot be stopped to take bride 



Learning

 2 Replies

endri demiri   01 August 2022

Payday loan vs. installment loan: What's the difference? 

When it comes to payday loans, there is a lot of confusion about whether they are secured or unsecured loans. In reality, payday loans are both. A payday loan is a type of secured loan, but the security is not the typical kind that is used for other types of secured loans. With a payday loan, the security is the borrower’s next paycheck. This means that if the borrower does not repay the loan on time, payday lenders can take the money out of the borrower’s paycheck. Read more here

P. Venu (Advocate)     01 August 2022

Every State has well laid down procedure for preventing corrupt practices. As a citizen, you can resort to such measures/steps.


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