Banking loan against property requires the asset to be free from encumbrances. What does it mean?

Related MCQs

• Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of :
• Loan taken by the person, not telling the purpose of taking loan is called                          
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• The banking company has restriction to sanction loan to
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• has been declared the first ‗total banking state‘ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
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• A financial contract that derives its value from another asset or an index of asset values is known as                      
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• Banking Regulation Act, 1949, does not at all apply to