Loan against Rent Receivables
Features
If you own a commercial property in any prominent locality, enjoy the benefit of future rentals today itself. We are at your assistance offering loan against rent receivables
Competitive interest rates
Lower Margin required at 10% on the discounted value of net rent receivables
Higher loan eligibility -maximum at Rs.20 Cr and tenor up to 120 months
Flexibility in repayment mode
Eligible for Individuals/Firm/Company or any legal entity having assured rental/service/maintenance income from reputed Companies/Institutions/PSUs/Established Organizations including partnership firms/ Multinationals/ Other legal commercial entities.
Convenient types of loans- Demand loan, TL or OD with diminishing DP
How to apply ?
To avail the loan, you can choose any of these:
- Download the application form and submit it your branch.
- Call our contact centre executives.
- Please visit any of our branches.
Documents Required
- Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
- Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
- Bank Statement (latest 6 months bank)
- Last 2 Years ITRs (computation of income), audited Balance Sheet and Profit & Loss a/c
- Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
- Copy of registered lease agreement/maintenance/Service agreements duly executed and acknowledged by lessor and lessee. (Original agreement shall be obtained and verified)
- Copy of tax paid to local bodies/Tax assessment order, wherever applicable.
- Any other document on a case to case basis.
Rates & Charges
Please visit the Interest Rates page for details