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LEASE RENTAL DISCOUNTING
PARAMETER | PARTICULARS |
Target Segment |
This product is proposed to be offered to borrowers who are deriving a stable and assured income stream in the form of rental from an acceptable / credible lessee. Individuals, Partnership Firms, Private/Public Limited Companies, Trusts, Registered Bodies (like Educational Institutions, Societies, Association of persons) owning the properties |
Purpose of Loan | Any purpose acceptable to the Bank, but not for any speculative/ illegal purpose whatsoever. |
Loan Amount | Minimum : Rs. 5.00 lakhs Maximum : Rs 500 lakhs |
Maximum Tenor | Upto the residual lease period or 8 years, whichever is lesser |
Lease Agreement | The same should be registered as per prevailing law of the State. |
Eligible Properties | Commercial properties and warehouse which is ready for occupation |
Eligible Tenants |
1. Well known Multinational Cos, Public Sector Undertaking and their subsidiaries, Banks, Financial Institutions, Insurance Cos, and Central Government Offices. 2. Other companies/ Institutions/ Firms which are in existence for a period of at least 3 years and have earned cash profits at least for last 2 years. 3. Well reputed companies with minimum external rating of BBB in the private sector. |
Repayment | In the form of EMIs by debiting the escrow account opened with CSB where the rentals are deposited by tenant on a monthly basis. |