PNB has introduced a scheme for property owners having their properties situated in Metro/Urban/ Semi Urban/rural centres and who have let out such properties.
Property Owners having their properties situated in metro, urban, semi-urban and rural areas who have leased out such properties to the following:
(i) Public Sector Undertakings / Govt. / Semi / State Govt. & reputed corporates, Banks, Financial Institutions, Insurance Companies and Multinational Companies.
(ii) Reputed private schools/colleges (approved by/affiliated to State Board/University/ AICTE/ any other Govt. body).
(iii) Reputed private hospitals/ nursing homes.
(iv) Franchisees/dealers/distributors of reputed corporates
Nature & Extent of loan
Term Loan or Overdraft on reducing Drawing Power
Maximum Loan amount based on Net Present Value of net rent receivables within un-expired period of lease or loan tenor, whichever is lower.
The amount of lease rentals is to be considered net of TDS, GST or any other tax, wherever applicable, for arriving at the eligible amount.
Assignment of lease rentals.
Equitable mortgage of leased IP of which rental is assigned:-
In case of loans having repayment period upto 5 years, the amount of loan should not exceed the value of the property mortgaged.
In case of loans having repayment period beyond 5 years, the amount of loan should not exceed 75% of the value of the property mortgaged.
In case of Company, personal guarantee of promoter directors.
Rate of Interest
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Maximum 144 months or total lease period considered for arriving at the loan amount whichever is earlier.
Upfront Fee (Term Loan & Overdraft on Reducing DP Basis)
0.70% of the loan amount + GST
For Loan Amount :
Upto Rs. 2 lakh :
Above Rs. 2 Lakh :
Rs. 400/- per lakh* or part thereof, subject to a maximum of Rs. 50,000/-*
For further details, please contact the PNB branch nearest to you.