Is a home loan based on a registered agreement of sale, but without a completion certificate or possession, legally valid in India?

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Law Forum › Category: Banking / Finance › Is a home loan based on a registered agreement of sale, but without a completion certificate or possession, legally valid in India?
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Apni Law Staff asked 3 years ago

Is a home loan based on a registered agreement of sale, but without a completion certificate or possession, legally valid in India?

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Apni Law Staff answered 3 years ago

Yes, a home loan based on a registered agreement of sale is legally valid in India, even without a completion certificate or possession. However, the lender may have specific requirements and may assess the risk higher, potentially leading to a higher interest rate or stricter loan terms.

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