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Financial support to the owner of premises who have let out their premises to TMB

Bank premises / ATM /e-lobby premise owners of our Bank.

Term Loan

• Against Primary & Collateral security- 75% of the Rent Receivable less TDS if any, over a period of 84 months or Residual Lease / Rent Agreement Period, whichever is lower subject to the maximum of Rs.300.00 lakh
• Against Primary security only - 50% of the Rent Receivable less TDS if any, over a period of 84 months or Residual Lease / Rent Agreement Period, whichever is lower subject to the maximum of Rs.300.00 lakh
• For personal purpose the maximum loan amount is restricted to Rs.50.00 lakh.

(Monthly Repayment Amount (EMI/Non-EMI) should not exceed 90% of Net Rent Receivable per month)

Maximum 7 Years or Residual Lease / Rent Agreement Period, whichever is lower.

• Primary: - On assignment of rent receivables against the rentals of our Bank/ ATM premises
• Collateral: - The Bank/ATM premises against the rentals of which the Loan would be sanctioned. Not compulsory up to the credit limit of Rs.10.00 lakh.
• Guarantee: - Personal guarantee of the spouse of the building owner

Click here to know the Rates of Interest for loans

Assignment of Rent Receivables from Lessor is a must.

1% of the Loan amount without any maximum cap + GST