1. Loan agreement will be on a nominal stamp paper of Rs. 100

2. Yes the bank may require you to pay the stamp duty on the loan agreement

loan agreement is also required to be stamped

2) bank will recover stamp duty charges from the borrower

A minimal Stamp duty has to be paid for the loan agreement , As per Article 5(h) of Schedule I of The Bombay Stamp Act, 1958. Stamp duty is Rs.100/

The loan agreement is executed on 500 Rs. stamp depends on state to state. Both the documents are for different purpose so separate stamp duty.

Both can also be execute in one but to avoid ambiguity, Dual deeds, executed.

1, No there is no need for separate payment towards stamp duty of the loan agreement.

2. However the established practice is to make that loan agreement executed on a Rs.50/- stamp paper or by affixing a revenue stamp.

whether the Bank is required to collect any Stamp duty for Loan Agreement separately over and above the duty paid on Mortgage deed ?

Answer: No the bank will not collect separate stamp duty on the loan agreement.

1. If the land is not an agricultural land then the said Bank can keep in deposit with it the original title deed of the said land as mortgaged property for giving you the said loan on which SARFAESI action can be initiated by the lending bank in case you fail to repay the loan and your loan account becomes NPA.

2. In the above case, an agreement for creating mortgage printed on a Rs.10 stamp paper shall have to be signed by you and the Bank official.

3. You shall have to issue one letter to the bank stating that you have deposited your original title deed with the bank on a particular date for creating mortgage on the said property. This is done by the bank to ensure that you can not falsely lodge a missing diary later on before the police stating that you have lost the said original title deed and had never deposited with the bank.

No, they can’t as the scheme of collecting stamp duty is of the revenue department and that is also for the state welfare.

If they ask for any, say no them and inform them about the legal boundatikns on them.

Th stamp duty paid on the mortgage deed will be sufficient, you do not have to pay any stamp duty for the loan agreement if it is not a registered document.

If you are registering the loan agreement document then you may have to pay the registration charges and applicable stamp duty.

Bank will include that amount in loan disbursement charges.

1) stamp duty on loan agreement would be nominal

Yes there will be some minimum stamp duty.

Any contract/agreement of 100 rs or above is required to be registered and execute on stamp of Rs. X,

If the loan agreement document is not a registered document then there is no stamp duty payable.

The loan agreement need not be a registered document.

No just an affidavit on rs 100 stamp paper only.

The bank cannot demand any stamp duty in respect of the term loan. Whenever a mortgage is being created then the mortgage deed will be written on 100 rupees stamp paper therefore you have to pay 100 Rupees stamp paper to the bank and no other stamp duty is applicable on Mortgaged Loan.

.Loan agreement is just an agreement which shall have to be typed on a Rs.10 stamp paper. The Bank will get your signature on their printed form after filling up the blanks and taking your signatures thereupon and then take that stamp paper signed by you writing thereupon 'LOAN AGREEMENT EXECUTED WITH Mr.................' .

2. Thereafter the lending Bank will attach the printed loan agreement as stated above with the said stamp paper which will be treated as a loan agreement executed on appropriate stamp paper as per law.

Stamp duty is paid by the individual to govt. Bank doesn't have any authority to collect the same. You can directly pay the same time govt as per applicable rates.