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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.

Rate of Interest

13%

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.

For full scheme download, CLICK HERE

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