RENT DISCOUNTING LOAN SCHEME


Purpose Working Capital / Business needs / any other legitimate purpose acceptable to Bank.
Eligibility Property / premises owners like Individual/s, Businessmen, Firms, Limited Companies.
Maximum Loan Amount Minimum ₹ 25,00,000/-
Maximum: ₹ 500.00 Lakhs. , Subject to: - Rent amount receivable (Net of Tax Liability) considering Lease Rental, its residual tenure, lock in period & margin requirement.
Margin @5 to 20% on Rent Receivable [Excluding Govt. Taxes & TDS]
Repayment Period Maximum lock-in period in Lease Agreement / Under CRE Max.5 Yrs.
Rate of Interest 10.30% onwards
Security Mortgage of Immovable Property with Market value equivalent or more than the limit.
Guarantators Minimum One Guarantor acceptable to Bank. Family Member may be accepted as a Guarantor.
Collaterals Additional Documents to be furnished viz. (i) Undertaking (ii) POA for collection of Rent,
(iii) Authority letter to collect Rent Receivable.
Processing Charge 0.20% to 0.50 %
Subscription of Bank's Share 2.5% Max Rs.5.00 lacs
Pre-payment Charges

Terms & Conditions Apply.
Visit nearest branch for more details.


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