CERSAI Portal :- The Central Registry of Securitization Asset Reconstruction and Security Interest of India developed the CERSAI Portal 2023 a government website. In this article we provide information regarding this portal like benefits, objectives, required documents, eligibility criteria & Login procedure.
CERSAI Portal 2023
CERSAI was created to prevent mortgage fraud. On the same plot of property, fraudsters typically obtained numerous loans from various institutions. These situations are examined using the CERSAI register. The goal of the company’s online portal is to maintain and run a registration system for the purpose of registering securitization and acid reconstruction of financial asset transactions and the creation of security interests over real estate as provided for in the SARFAESI Act 2002.
To fight mortgage fraud, the group developed the CERSAI Portal. Many people pledge comparable property as security when applying for loans at various banks. It was exceedingly difficult to determine if an asset was already mortgaged or not prior to the establishment of the Central Registry of Securitization Asset Reconstruction and Security Interest of India. The house is already mortgaged but only the owner is aware of this. Even the real estate buyers were ignorant of the one responsibility attached to the property.
It is now relatively simple to learn about such information since CERSAI was established. By going to the CERSAI Portal 2023, you may verify the data. The information on the mortgage on the property will be accessible to the general public as well.
Overview CERSAI Portal 2023
| Article about | CERSAI Portal |
| Organisation name | Central Registry of Securitization Asset Reconstruction and Security Interest of India. |
| Created by | Government of India |
| Motive | To prevent frauds involving mortgage of property/ asset |
| Official website | https://www.cersai.org.in/CERSAI/home.prg |
Objective for CERSAI Portal 2023
The Indian government established the portal to protect banks, financial institutions, and the general public against scams involving the mortgage of real estate or other assets. All loan related information is accessible on this CERSAI Portal 2023, making it simpler for the borrower and lender to get information. The ability to verify if a property has already been mortgaged adds transparency to the loan application process.
Benefits for CERSAI Portal 2023
The benefits for this portal is given below:
- The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2002 SARFAESI Act governs CERSAI’s registration.
- Any financial institution that makes a loan based on a mortgage or other security interest must register it with CERSAI.
- The general public and financial organisations can obtain data regarding security interests generated over an asset through While financial organisations have access to comprehensive information about all security interests generated over an asset, the general public can only see information concerning equitable mortgages.
- In conclusion, CERSAI’s creation of a centralised database of all assets mortgaged to banks and financial organisations has been essential in combating fraud in the mortgage business.
- This has aided financial institutions in making informed loan decisions and stopped scammers from utilising the confusing registration procedure to their advantage.
Eligibility Criteria
The Eligibility Criteria for this portal is given below:
- The applicant must reside in India permanently.
Required Documents
The documents needed for this portal is given below:
- The application must have Aadhaar Card
- Residence Certificate
Login Procedure CERSAI Portal 2023
- First you have to visit the official website of the CERSAI
- The homepage will open on your screen.
- Click on the Login option
- A new page will open in front of you.
- Enter the Login ID, Password and Captcha code
- Click on the Login option
Unit Registration
- First you have to visit the official website of the CERSAI
- The homepage will open on your screen.
- Click on the View More option form unit registration section
- A new page will open in front of you
- Choose the mode of unit registration
- Enter all the required details in the form
- Enter the captcha code
- Click on the Submit button
AOR Based Search Process
- First of all you have to go the official website of the portal.
- A new page will appear in front of you.
- you have to go to the public search option.
- A drop-down list will appear on the screen from where you have to select AOR based search.