| Purpose |
To meet the liquidity mismatch of applicant |
| Facility |
Term loan |
| Eligibility |
Owners of residential and commercial properties in rural/
urban/ semi urban/ and metros, which are rented or to be
rented to MNCs, banks, and large and medium corporate houses. |
| Margin |
25% |
| Repayment |
Equal Monthly Instalments |
| Repayment period |
7 years or the residual lease period, whichever is lower |
| Amount of finance |
Minimum of Rs.50,000/- (and) maximum of Rs.1 crore for
noncorporate houses and Rs.4 crore for corporate houses
(or) 75 times of the monthly rental that is receivable,
whichever is lower |
| Security |
Primary: Assignment of receivables
Power of attorney from the lessor
Collateral: First charge on the building against the rental of which
the loan is sanctioned. |
| Processing charges |
1% of the loan amount |
