Last Updated : 10 Jun, 2022 08:48 PM
Published : 10 Jun 2022 08:48 PM
Last Updated : 10 Jun 2022 08:48 PM
People with bank loan experience may have had their hands ached by signing a loan agreement. Vadivelu, who is bailed out for a bank loan he gets to buy cows in the hit film, would have joked about the banking operation when he signed for it, saying, “How many signatures … one for a cow, one for a vita pond, like a capping?” If that is the case for the loan agreement then various steps have to be taken in the pre-preparation for it.
One such step is the “asset valuation report”. Banks that ask a client for collateral security for a bank loan will ask the lawyer to buy a legal opinion. If the next loan is completed, the report will ask for the value of the property. What is the Asset Valuation Statement that banks ask for? Who should buy it from? How is the asset, the working capital of the industry, etc. assessed?
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