Home / Help
Help center
Answers about bidding, legal requirements, documentation, and payments.
Bidding & Auctions
How do I participate in an e-auction?
Register on the respective bank's portal, pay the Earnest Money Deposit (EMD), and submit your KYC documents. Each auction has specific deadlines.
What is an EMD (Earnest Money Deposit)?
EMD is a security deposit (usually 10% of the reserve price) required to qualify for bidding. It is fully refundable if you don't win.
Can I inspect the property before bidding?
Yes. Every bank provides specific 'Inspection Dates'. We recommend visiting the property physically before placing any bids.
Legal & Documentation
What is the SARFAESI Act?
The SARFAESI Act allows banks and financial institutions to auction residential or commercial properties to recover loans. These are legally sanctioned sales.
Will I get a clear title?
Banks sell on an 'As is where is' basis. We list only assets passing preliminary title clearance, but independent legal verification is advised.
What documents should I verify before bidding?
Sale deed, encumbrance certificate, property tax receipts, and the auction notice. Consult a local lawyer.
Payments & Financing
Can I take a home loan for an auction property?
Yes. Most banks provide financing, including the auctioning bank itself, subject to your credit profile.
What is the payment timeline after winning?
Typically 25% within 24 hours of winning (including EMD), and the remaining 75% within 15 days.
Still have questions?
Our consultants are available to help with specific auction queries.