If you own a property allotted by HUDA (now known as HSVP – Haryana Shehri Vikas Pradhikaran) and want to take a home loan or loan against property, you must first obtain permission to mortgage from HSVP. Without this approval, banks and financial institutions generally do not process loans on HUDA properties.
This blog explains how to apply for permission to mortgage online in HUDA, the documents required, fees involved, and important points to keep in mind.
What Is Permission to Mortgage in HUDA?
Permission to mortgage is an official approval issued by HSVP allowing a property owner to create a legal charge (mortgage) in favor of a bank or financial institution.
This permission is mandatory because HUDA properties are allotted under specific terms and conditions, and any mortgage requires prior consent from the authority.
Why Is Mortgage Permission Required for HUDA Properties?
HUDA/HSVP requires mortgage permission to:
- Ensure compliance with allotment conditions
- Prevent unauthorized transfer of property rights
- Maintain updated records of financial encumbrances
- Safeguard government interest in the property
Banks usually insist on this permission before loan disbursement.
Who Can Apply for Permission to Mortgage Online?
You can apply online if:
- You are the original allottee or legal owner of the HUDA/HSVP property
- All dues, including installments and penalties, are cleared
- The property is eligible for mortgage as per HSVP rules
Step-by-Step Process to Apply for Permission to Mortgage Online in HUDA
1. Visit the HSVP Official Online Portal
HSVP provides an online platform for property-related services, including permission to mortgage. Log in using:
- Allotment number
- Registered mobile number or credentials
New users may need to register first.
2. Select the “Permission to Mortgage” Service
After logging in, navigate to the services section and choose “Permission to Mortgage” or a similar option related to mortgage approval.
You will be prompted to verify your property details.
3. Fill in Property and Loan Details
Enter required information such as:
- Allotment number and property location
- Plot or property size
- Name of bank or financial institution
- Type of loan (home loan or loan against property)
Ensure all details match official records.
4. Upload Required Documents
Typical documents required include:
- Allotment letter
- Possession certificate (if issued)
- Identity proof of allottee
- Bank sanction letter or loan approval letter
- Undertaking or affidavit (if required)
All documents should be clear and legible.
5. Pay the Prescribed Mortgage Permission Fee Online
After submitting the application, pay the applicable mortgage permission fee through the online payment gateway. The fee may vary depending on:
- Property type
- Loan amount
- HSVP policies
A payment receipt will be generated for future reference.
6. Track Application Status Online
Once submitted, you can track your application status on the HSVP portal using:
- Application number
- Allotment details
If any clarification or additional document is required, the status will reflect it.
7. Receive Mortgage Permission Letter
After successful verification, HSVP issues a permission to mortgage letter. This letter is required by the bank before loan disbursement.
Some banks may ask for a digitally signed or original copy, depending on their internal process.
How Long Does It Take to Get Mortgage Permission from HUDA?
The processing time generally depends on:
- Completeness of documents
- Clearance of dues
- Internal verification by HSVP
In most cases, it may take a few weeks, provided there are no discrepancies.
Important Points to Remember
- Ensure there are no outstanding dues before applying
- Property must comply with HSVP allotment terms
- Mortgage permission is usually granted only in favor of recognized banks or financial institutions
- Permission is loan-specific and not permanent
Common Reasons for Delay or Rejection
Applications may be delayed or rejected due to:
- Pending installments or penalties
- Mismatch in property details
- Incomplete documentation
- Unauthorized construction or violations
Resolving these issues in advance can speed up approval.
Is Professional Help Required?
While the online process is straightforward, many property owners prefer professional assistance to:
- Avoid documentation errors
- Speed up approval
- Coordinate with banks and HSVP
Legal or property consultants can help ensure a smooth process.
Conclusion
Applying for permission to mortgage online in HUDA (HSVP) is a mandatory step for property owners seeking a loan. The online system has made the process more transparent and convenient, but accuracy and compliance are crucial.
By following the correct procedure and submitting complete documents, you can obtain mortgage permission smoothly and proceed with your loan without delays.