The Property Loan Agreement is a fundamental document in Indian real estate financing, used when a financial institution provides a loan secured against real property. It combines elements of banking regulations, property law, and security creation under Indian jurisdiction. This agreement is essential for both residential and commercial property financing, establishing the lender's security interest while protecting both parties' rights. The document must comply with the Transfer of Property Act 1882, Registration Act 1908, and RBI guidelines, among other regulations. It typically includes detailed provisions about the property, loan terms, security creation, borrower obligations, and enforcement mechanisms. The agreement serves as the primary document protecting the lender's interests while providing clear terms to the borrower regarding their obligations and rights.

1. Parties: Identifies and defines the Lender and the Borrower with complete details including registration/identification numbers

2. Background: Sets out the context of the loan, purpose, and property details

3. Definitions: Defines key terms used throughout the agreement

4. Loan Amount and Purpose: Specifies the principal amount, currency, and permitted use of the loan

5. Interest Rate and Computation: Details the applicable interest rate, calculation method, and revision terms

6. Repayment Terms: Outlines the repayment schedule, EMI structure, and tenure

7. Security and Mortgage: Details of the property being mortgaged and security creation process

8. Borrower's Representations and Warranties: Statements of fact and assurances given by the borrower

9. Borrower's Covenants: Positive and negative obligations of the borrower during the loan term

10. Events of Default: Circumstances that constitute default and their consequences

11. Lender's Rights and Remedies: Actions the lender can take in case of default

12. Insurance: Requirements for property insurance and loan protection coverage

13. Notices: Process and addresses for formal communications between parties

14. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction