Purpose
- For their personal requirement, business requirement or other miscellaneous purpose, but not for speculative.
Eligibility
- Applicant who own properties in metro/ urban/ semi-urban areas, who have rented out their properties to Public Sector Undertakings/ Government/ Semi-government / Reputed Corporates, Banks, Financial Institutions and Multi-national Companies can avail loan against future rent receivable.
Documents
- All KYC documents, address proof, pass port size photographs etc.
- Financial statement of the last -2-years along with copy of ITR.
- Last 6 months statement of accounts of Main Bank account in case main account is not with the Bank
- Copy of Registered Lease Deed
- Original title deeds of the property to be mortgaged as security for creation of mortgage.
- Receipts of latest maintenance, Water Tax, Municipal Tax and any other such charges/taxes.