I have purchased a Flat in Kolkata...The Finance company who have sanctioned my loan now want Stamp paper whose value is 1% of the sanctioned loan amount...They also need this stamp paper duly signed by me(which is already blank).... Is it fine to signed the Blank stamp paper.. I am little confused about it, why they need this….Please help me
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  • I would suggest that you talk to another bank and find out the process. One should never sign a blank stamp paper, no matter what.
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  • 1% of loan amount is not a small amount. You must ask the logic behind such requirement.

    So far never heard of such a funny requirement.
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  • was there any further update on this issue please.. I am planning to buy in Kolkata..
    thanks
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