CERSAI Login: In-Depth Analysis

This piece of letter will discuss a portal named CERSAI. The full form of Cersai is Central Registry of Securitisation Asset Reconstruction and Security Interest of India. This portal keeps a track on all the documents of mortgage submitted against a property loan. Through this blog, you will be provided with all the information about this portal. You just need to stick around with this article till the end of discussion. This blog is all about CERSAI Login.

Moreover, this fact has also been considered that you might be having several concerns and doubts related to this portal. However, no worries. This blog comes up to provide you with the most efficient and accurate information about this portal. Furthermore, this blog is going to be very informative and engaging. we just need to be actively present around this article until it ends. Hence, without wasting any time, let us start this blog.

About CERSAI Login

CERSAI is an online portal and security interest registry of India. CERSAI is the abbreviated form of Central Registry of Securitisation Asset Reconstruction and Security Interest of India. It keeps an eye on all the assets and avoids a person using the same asset as a mortgage for getting loans from various banks. The main purpose of this portal is to ensure that there is a maintained registration system and secure transactions take place. Formerly, people used to take loans from banks on their original property documents and then use the photocopies of the same documents to buy other loans from different banks. Hence, to avoid this fraud and unfair practice, this portal was launched by the government. The portal has a record of the mortgaged properties and has reduced the chances of fraud and usage of the same property for applying for different loans from different banks. 

CERSAI Login

CERSAI login is the process of registering and entering into the Central Registry of Securitisation Asset Reconstruction and Security Interest of India portal. This portal provides the users with a database updated by authorities and bank institutions. Moreover, it allows a user to search the assets by paying a small fee amount. Additionally, the platform also enables the users to search the debtors by paying a nominal fee.

CERSAI login in easy steps

CERSAI login enables both the public and the representatives of banks or financial institutions to access the data. Follow these simple steps to login in this portal:

• First of all, visit the official website of CERSAI, which is www.cersai.org.in.

• After that, a homepage will open in front of your screen. On the homepage tap on the option of CERSAI login given on the top right corner.

• Now a new window will open in front of you. From here, you can easily login for CARSAI portal.

• Additionally, if you are registered on this portal, enter your login information, password, and the Captcha code.

• Now, click on the login button, and you are finally registered on this CERSAI portal. 

Functions and objectives of CERSAI

• CERSAI was created to maintain a record of the central registry of equitable mortgages. It keeps all the records and information of the property used as collateral, the name of the bank who has provided the loan and all the details of the borrower. 

• The portal enables the users to register themselves on this portal and check the transaction of asset, reconstruction and securitisation.

• Moreover,  the portals allow the financial institutions and banks to check whether the collateral for which they are providing the loan has been used as collateral for another loan from a different bank or not. 

• In addition to this, the portal enables home buyers to ensure if the property they are going to buy is free from all the liabilities or not.

• Further, the platform also ensures that no one uses the same collateral property or mortgaged assets for buying various loans from different banks. So, it prevents frauds and misuse of loan providing facilities of banks.

CERSAI searches

There are three types of searches available on this portal: 

Asset-Based search

Potential home buyers can easily check a property by conducting asset based research on this platform. To get the information you need to enter the building floor number, street name, name of the project, locality, sector, town, village, PIN code, etc. Afterwards, all the information related to the property will come in front of your screen.

AOR-Based search

These results can only be conducted by authorized users on this portal. This type of research enables the users to conduct detailed information about a project. This enables only authorized users to conduct comprehensive results with full security and confidentiality.

Debtor-Based search

In this type of research, the portal provides you  with an overview of all the financial institutions that have provided a loan against that property. This is necessary information for the potential buyers who want to know the financial liabilities against that property. 

Final words

Without a doubt, CERSAI login is a great way to check the liabilities on any property. The portal ensures that the same property should not be used to avail another loan from a different financial institution as a mortgage. This prevents frauds and various kinds of scams. If you are planning to buy a property, register yourself on this port and get the information required before purchasing involved with the risk of liability. Tell us your thoughts about this portal in the comments section. See you in the next blog. Till then, bye. Have a nice day folks!