7. CERSAI CHARGE
The CERSAI charge registers the mortgage of the property in a central database, so that multiple loans cannot be taken against the same house. Loans up to ₹5 lakh attract ₹50 plus GST, above that ₹100 plus GST. After closing the loan, ensure that the record ‘Satisfied’ is updated, otherwise there may be problems in selling the house or re-financing in future.
Disclaimer: This article has been written only for general information and awareness purposes. The information given here is not advice. Terms, charges and conditions related to home loan may change depending on the bank, NBFC and time. Before taking any financial decision, take complete information and advice from the concerned bank or financial advisor.