Indian Contract Act, 1872
Governs loan agreements as enforceable contracts — validity, breach, and remedies.
Know what you are signingbefore the money moves.
A professional review of loan agreements, sanction letters, mortgage documents, and guarantee arrangements — identifying hidden charges, SARFAESI risks, and default consequences before you sign.
Home Loan ReviewPersonal GuaranteeSARFAESI RiskPrepayment Charges
Rs 1,499
All-Inclusive
All Loan Types
Home, Business, Working Capital
24 Hours
Turnaround
What we handle for you
A loan document review that tells you every obligation, every charge, and every consequence of default — before you sign.
Interest Rate & Charges Verified
Verify that the loan amount, interest rate, and tenure match the sanctioned terms. Review processing fees, prepayment charges, and annual maintenance charges for fairness.
Default & Acceleration Review
Assess default and acceleration clauses — when the full loan becomes immediately payable — and review the SARFAESI Act implications for secured loans.
Security & Guarantee Review
Review security creation — mortgage, pledge, or hypothecation — and check guarantor obligations and personal guarantee extent if a guarantee is involved.
RBI Compliance Check
Ensure the document complies with RBI fair practices guidelines — identifying any clauses that violate RBI norms for lenders.
The 4-Step Review Process
From loan document upload to a clear review report — before disbursement or signing.
01
Upload the Loan Documents
Share the sanction letter, loan agreement, mortgage deed, or any other finance document you have received.
02
Lawyer Reviews All Terms
A finance and banking law expert reviews every clause for accuracy, fairness, and compliance with RBI guidelines.
03
Review Report Delivered
You receive a clear report covering pre-payment charges, default consequences, security creation, and clauses that need clarification.
04
Optional Clarification Session
Discuss findings with the lawyer before signing or disbursement.
Legal Framework
Loan agreements in India are governed by contract law, banking regulation, and security enforcement law — all of which affect your rights and obligations as a borrower.
RBI Fair Practices Code for Lenders
RBI guidelines require banks and NBFCs to explain all terms and charges clearly to borrowers.
SARFAESI Act, 2002
Governs banks' right to enforce security (take possession) without court order in case of default.
Transfer of Property Act, 1882
Governs mortgage creation and the mortgagee's enforcement rights.
Client Success Stories
“I was signing a business loan agreement and the bank representative said everything was standard. LegalKonnect found a floating rate floor clause that would prevent my EMI from reducing even if rates fell. Negotiated it out before signing.”
KS
Kapil Sharma
Gurgaon“My company directors were asked to give personal guarantees for a working capital loan. LegalKonnect explained exactly what that meant — unlimited personal liability. We restructured the guarantee before signing.”
RP
Rohini Patel
AhmedabadFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
Yes. A sanction letter is an offer — not a final agreement. Interest rate, processing fees, prepayment charges, and other commercial terms can often be negotiated before the loan agreement is signed, particularly for large-ticket loans.
Under the SARFAESI Act, banks and NBFCs can take possession of mortgaged property without a court order after 60 days of a default notice. Borrowers have limited time to respond — understanding this risk before signing a secured loan is critical.
Yes. A lender can proceed against the personal guarantor independently, without first exhausting remedies against the principal borrower. The extent of a guarantor's liability must be fully understood before signing any guarantee document.
Verify the benchmark rate (MCLR, EBLR, or Repo Rate), the spread charged over the benchmark, the frequency of rate resets, and any floor rate (minimum rate) clause. Floating rate loans can increase significantly if benchmark rates rise.