To meet the Financial requirement of the Owner of the building (Lessor).
Term Loan
- 50% of the Rent Receivable less TDS if any, over the Period of 84 months or Residual Lease / Rent Agreement Period, whichever is lower subject to a maximum of Rs.400.00 Lakh.
- EMI Amount should not exceed 90% of Net Rent Receivable per month.
Owners of Buildings and Commercial Properties in Semi Urban / Urban / Metro areas which are to be rented or already rented to Multi -National Companies / Banks / Reputed Corporate etc
Margin : 50%
Repayment :
- 7 Years or Residual Lease / Rent Agreement Period, whichever is lower.
Security :
- On EQM of building against the rentals of which the Loan would be sanctioned. (150% of the Loan amount should be covered as Collateral Security)
Interest :
Fees & Charges
- 1% of the Loan amount plus applicable taxes