Purpose : To meet urgent personal expenses/credit needs
Eligibility : Bonafide owners of residential / commercial property
Quantum : 75% of the rental value
Repayment: Not exceeding 60 months
Rate of interest : PLR + 2.00%
Requirements:
- Mortgage of property.
- Lease agreement.
- Consent from the lessee (tenant).
- Third party guarantee acceptable to the bank.
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