Rent Plus scheme provides loans against assignment of future rentals to the residential or commercial property owners to meet their liquidity mis-match.
Owners of residential buildings and commercial properties which are to be rented or already rented to MNCs / Banks / large & medium size Corporate.
Lowest of :
The Minimum and Maximum permissible under the Scheme:
Min: Rs 50,000/-
In Metros Rs 7.50 Crores
LOCATION OF PROPERTY
TYPES OF TENANTS/ LESSEES
(a)The residential buildings/commercial properties which are to be rented or already rented to MNCs / Banks / Large & Medium size Corporates. The Network GM is vested with the discretion to consider cases of other types of lessees
(b)However, the properties should not be or have been leased to Schools, Colleges, Orphanages, Hospitals, Old Age Homes, Nursing Home or any other Social Sector Infrastructure.
All the property should be SARFAESI compliant
25% of the loan amount
Nature of Facility
REPAYMENT PERIOD & MODE
2.02% of loan amount. Maximum amount Rs. 1,01,865/- to be paid upfront as processing charges. The charges of the valuation of property are to be borne by the applicant