Purpose

• Working Capital Finance 
  
  
• Purchase or repairs of  business/residential premises
  
  
• Educational, Marriage , Medical Expense 
  
  
• For Investment ( other than speculative purposes) etc

Eligibility

• Lessor  The Proponent should be a lessor of the property he may be an individual or a body corporate registered under the relevant  law of the land

• Lessee The Lesee should be a reputed organization preferably a joint stock company whose shares are quoted in recognized  stock exchange . The lessee should be acceptable to the Bank 

 
Guarantors: 

• Minimum 2 guarantors of  good means acceptable to the Bank

Loan Amount

• Maximum to the extent of 5  years of  rent receivables

Security  

        Main :

• Equitable mortgage of House/Flat/Business Premise   let out by the proponent on Leave & License
  
  
• Assignment of Lease rentals in favour of the Bank 

  
Type Of Facility

• Term Loan

Rate of Interest   

• 16% p.a.

Special Features 

• Interest calculated on daily reducing balance   
  
  
• No prepayment/commitment charge levied unless the liability is taken over by another financial institution.
  
   

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