Rent Plus Scheme

Owners of residential and commercial properties in urban, semi-urban and metros which are rented or to be rented to MNCs, Banks and large and medium corporate houses.
Rent Plus Scheme
  1. Loan for meeting the liquidity mismatch of the applicant
  2. Term loan facility
  3. Owners of residential and commercial properties in urban, semi-urban and metros which are rented or to be rented to MNCs, Banks and large and medium corporate houses.
  4. Margin 25%
Features
Interest : Click to view Interest Rates
Repayment : Maximum period of 7 years
Security : Assignment of receivables and Power of Attorney from the
lessor, first charge on rent receivable in our favour

Collateral Security: Equitable Mortgage of the building against
the rental of which, the loan is sanctioned

Quantum of finance : Minim `50,000/-
Max 75 times of net monthly rentals or residual NMR
Corporates Max `4.00 crores
Non-corproates Max `1.00 crores

Tripartite agreement to be entered between bank, lessor and lessee for payment of monthly rents

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