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Rental Loans
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Rental Loans

Maximum Amount of Loan : Rs. 25.00 lacs
or 
65 % of the total net rent (i.e. rent after taxes such as property tax, TDS) to be received whichever is lower.
Margin : 35 % 
Repayment Period  : 5 years maximum or till the remaining period of the lease – which is earlier.
Repayment will be from the rent received.
Security : Equitable mortgage of the property given on rent or any other acceptable property of value of 35% more than the loan amount, subject to valuation certificate from Bank’s approved valuer.
Rate of Interest : The proposal shall be rated as per the credit rating model followed by the Bank and a good rating can get you a better interest rate. The interest rates are linked to our PLR. To view the present PLR please click on the icon below:
Interest Rate on Advances
Processing Fees. - .0.5 % of the loan amount.
Guarantors : In case the borrower is a partnership firm or a limited company, personal guarantee of the partners/directors .
Other Conditions: Mortgage of property, Power of Attorney from landlord executed in favour of the bank to receive the rent.Property must be rented out to a reputed public limited company, public sector undertaking, Govt, or semi govt, organisation, Banks, financial institution, Insurance Company or multinational company.
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Saraswat-Bank
Saraswat-Bank