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In order to apply for loan, how many years of deed is required


22-Sep-2023 (In Property Law)
Sir.. Thank-you for the patience to read my mail. I have a dout regarding the legal procedure of a bank loan. I don't know that whether it is suitable to ask you... If it is wrong please apologize to me. My self  and working in defence. Now I purchased a plot and applied for a housing loan in my nearest Canara bank. I have submitted original deeds of last 9 years. But they are demanding all the original deeds of last 15 years which is showing in encumbrance certificate.I searched the deeds every where but unable to find it out. It may be lost from the preowner. So I want to know that is there any existing rule that producing of last 15 years deeds is mandatory for a house loan? I hope your valuable reply..and contact no soon.. Thank-you
Answers (3)

Answer #1
915 votes
Banks (and their legal advisors) are generally seeking documents for 15 years or longer periods. If the documents are lost, you can get copies from the SRO. You may take the help of a local document writer.
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Advocate P Venu

Adv. P Venu

LawRato Vaikom | 5+ Answers
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Answer #2
526 votes
The title deeds of the property to be mortgaged must be submitted in original, and normally the immediately preceding parent document (If the entire property is transferred to the buyer) also mus be in original. All other prior documents can be produced as certified copies for verification flow of title. As an abundant caution, Banks call for original title deeds for 13 years. for tracing of title. However the requirement varies from property to property.
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Advocate Sasidharan Nair M N

Adv. Sasidharan Nair M N

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Answer #3
887 votes
Prior document for the 15 years is not mandatory. However it depends on case to case. If the entire property in the prior documents have been given to you, naturally the original of the prior document also would have been given to you. In that case, they will ask for the originals of prior deeds, as there is not need to have it with you. Anyway, even if it lost, you can get the certified copies of all required prior deeds from the SRO within 2-3 days. Most cases that may serve the purpose.
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Advocate Nelson Joseph

Adv. Nelson Joseph

LawRatoKochi / Cochin | 5+ Answers
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