Loan against rental income

 

Beneficiary

Owners of the Property who have let out or proposed to be let out the same to reputed company.

Purpose

For meeting business/personal needs.

Loan Limit

Maximum to the extent of 75% of post TDS Rent Receivable for a period. Not exceeding 120 months or un expired period of lease.

Repayment Period

Maximum 10 years or unexpired period of lease whichever is earlier.

Collateral Security                

Mortgage of landed property value of 150% of the loan amount or other chargeable securities such as NSCs, KVPs, banks own deposit to the extent of 100% of loan amount.