Andhra Bank
Facebook Twitter
Skip to navigation | Skip to main content

Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

Anytimers
 
Loans against Rent Receivables
 
 Nature of the Scheme

Loans to individual against Rent Receivables
 
   Eligibility

Individuals, proprietorship, partnership, public Ltd. Cos, Private Ltd. Cos, Trust are eligible to avail the facility. 

All unencumbered residential/ commercial properties at all places let out for reputed public sector/ private sector/ multinational undertakings, embassies and consulate offices of foreign countries etc are eligible for the loan.

   Rate of interest
 
For loans up to 36 months : MCLR (1 year) + 1.05 to 2.55 %
 
For loans above 36 months up to 60 months : MCLR (1 year) + 1.05 to 2.55 % + 0.25 
 
For loans above 60 months : MCLR (1 year) + 1.05 to 2.55 % + 0.50 %
 
  Quantum of Finance


Upto a maximum of Rs. 10.00 cr

 
   Repayment Period

Within the unexpired lease period including option period/ 120 months whichever is less.
 
  Interest rate


As applicable on the date of loan.

 
  Primary Security
 

Rent Receivable

 
   Collateral Security

For loans upto Rs. 1.00 lacs: No Collateral.

For loans above Rs. 1.00 lacs: Equitable mortgage of the property/ liquid assets such as NSCs, deposits etc. With 25% margin/ equitable mortgage of alternative collateral security.

 
  Co-obligant/ Guarantor

Acceptable to the bank.
  Charges


As applicable to the scheme from time to time.

 
  Other Terms and Conditions apply.


This is not meant to be a prospectus. This is only a gist of the salient features. For further details and other conditions, contact your nearest Andhra Bank Branch.

 
chiclogo