At the time of application, there are a few things that must be kept in mind by the applicant. Some major pointers are listed as follows: The property must be legitimate and registered. Unregistered properties are unlikely to get the loan sanctioned. The value of the borrower’s property must rectify the required amount of loan. The borrower must be able to pay off the loan. Other assets owned by the borrower must also be specified to the lender. The property cannot be sold until the loan is paid off. The rented property against which the loan is taken should be ensured. If the loan is not paid off within the tenure, the institution has the right to put the property on an auction and retrieve the loan amount.