CO-OP. BANK LTD., NAGPUR

Nirmal Rent


  • You can discount the 75% rent receivable during lease period satisfying EMI from monthly Rent
  • Limit - Rs 10000000/-
  • Margin - 25%
  • Period Maximum 120 Months.
  • Rate of interest – 16% for non real estate & 16.50 % for real estate.
  • Security - Mortgage of the house / commercial free hold property rent out to reputed company.

Requirement

 

 

 

 

1) ID Proof
2) Address Proof
3) Income Certificate (Salary Slip) of Last two month
4) 2 Guarantors
5) Pan Card
6) ITR for last 3 years
7) Lease Agreement

Security

 

1) Irrevocable PA for paying rent in loan account.
2) Register Mortgage of free hold property real out or alternative property acceptable to Bank.