Frequently Asked Questions
- All Categories
- Stressed asset
- Financial institutions
- Investment options
- Notice terms
- Payment schedule
- Post payment process
- Property visit report
In some cases, when borrower pays all his dues after auction notice but before auction, auction is cancelled and EMD by all participants is refunded.
It’ll be auto refunded by the financial institution to your bank account
Banks usually conduct simple auction where prospective bidders bid with minimum increment amount over reserve price. Whoever bids the highest, wins the auction. Some banks conduct e-auction and some banks and regulators conduct physical auctions where you need to be present physically (self or representative).
Banks and financial institutions are trustful and regulated institutions. Sellers on Hecta have no intent of defrauding you with your money. In all cases EMD will be collected through NEFT/ RTGS directly to the selling bank’s own bank account.
You can purchase a Class X digital signature from any e-commerce website. They will be soon be available on Hecta site too.
Hecta can you navigate entire application process. Just reach out to our property advisor from the home page.
Hecta can help you navigate the application process. Just reach out to our property advisor from the property listing page.
Application process differs by banks and institutions. Application process is mentioned on each property listing. This information is also clearly in the notice of sale/ auction. It can be online or only offline mode too.