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E-Signature – Frequently called an electronic signature this needs a computer software which binds your signature or A few other mark into a document. The E-indication bill was passed by the government in June 2000 which legalizes this signature.
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Foreclosure – This is a authorized system in which collateral that has been pledged for the mortgage is often offered in an effort to repay the mortgage When the borrower defaults.
Straightforward fascination – The curiosity is computed on the basis of exceptional assuming that some parts remain nonetheless unpaid.
Secured mortgage – It is a mortgage wherever the borrower will pledge his asset just like a motor vehicle or residence that can be sold if he is unable to spend back again the financial loan.
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