Nirmal Rent

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  • 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.
  • ID Proof
  • Address Proof
  • Income Certificate (Salary Slip) of Last two month
  • ITR for last 3 years
  • Irrevocable PA for paying rent in loan account.
  • Register Mortgage of free hold property real out or alternative property acceptable to Bank.
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