Eligibility

• Property owners – Leased out to PSU’s/ Govt./ Semi Govt. & Reputed Corporates / Pvt. Hospitals / Nursing Homes/ High Net Individuals.

Quantum

Maximum – Rs.1000 lakhs (higher amount may be considered on case to case basis)
Minimum – Rs.10 lakhs

Sanction Limit

For Loan eligibility, future rentals would be considered in the following proportions of the future rentals receivables for the unexpired period of lease:

Upto 3 years - 80%
3 years to 5 years - 70%
5 years to 7 years - 65%
7 years to 10 years - 55%

Repayment Period

Maximum 120 months or before the expiry of the lease tenure whichever is earlier

Security

• Mortgage of property offered as security
• One surety
• Lease rentals to be assigned to the Bank
• Co-owner to be made co-applicant
• In case of companies/ firms facility to be secured by guarantee of partners/ directors