Lakshmi Rental Loan

Purpose

Borrowers may utilize the loan facility to meet their personal expenditure requirements
for investments or for general corporate purposes.

Eligibility

a) Borrower : Owner of commercial and residential properties and who receive rental
income thereon viz, individuals, Partnership/ Proprietorship, Trusts & other legal entities
permitted to own properties, receive rentals and borrow from banks.

(b) Properties: Commercial and residential properties located in semi-urban, urban, metro
centers will be eligible.

Loan amount

Minimum - Rs 50000/-
Maximum - As per the eligibility

Period of Loan

Minimum - 6 months
Maximum - 60 months

Rate of Interest

Base Rate + 5.75% (PER: 14.50% p.a.) 

 Processing Charges

0.50% of loan amount subject to a maximum of Rs 50000/-