What Is a Mortgage Deed?
A Mortgage Deed creates a security interest over a property in favour of a lender to secure loan repayment. Unlike a sale deed, it does not transfer ownership — it only gives the lender the right to enforce the security on default. Commonly used for home loans, loans against property, commercial property loans, and secured agricultural loans.
Documents Required
- Identity/address proof and photographs of borrower(s)
- Original title deed, chain of title, Jamabandi/Fard, mutation records, property tax receipts
- Loan sanction letter, loan agreement, and mortgage deed draft
- Salary slips/ITRs/bank statements or business proof, as required by the lender
- Witness identity proofs