Eligibility

• Owners who have let out or propose to let out their premises to Reputed Companies/institutions, Public Sector Undertakings/Established Commercial Organizations/Multinationals/Banks.
  
  
• Landlords of Bank of Baroda Branch/Office premises.
  
  
• Landlords of residential flats/houses leased out to Bank of Baroda for Officers/ Executives quarters.

The facility is available only to resident customers.

Limit

• 85% of rent due and receivables for the unexpired certain period of lease /tenancy less TDS, less advance rent /security deposit subject to:
  
  
  • Minimum : Rs. 1 lac
    
    
  • Maximum : Rs. 1000 lacs
  
  

Repayment

• Loan to be repaid in monthly instalments within a maximum period of 10 years or unexpired period of lease, whichever is less.

Security

• For loans upto Rs.5.00 lacs:
  Assignment of future rent receivables and third party guarantee.
  
  
• For Loan above Rs.5.00 lacs:
  In addition to assignment of future rent receivables, mortgage of the leased properties or any other immovable properties and/or pledge of NSC, KVP, IVP etc. the aggregate value of which should be at least 1.5 times the loan amount.
  
  

Rate of Interest

• Rates of interest charged will be as per Bank's policy on the date of disbursement of loan. (For current interest rates click here).

Processing Fee

• One time processing fee @ 0.50% of the loan amount with Minimum of Rs.1000/- and maximum of Rs. 1 lac

For further details, please contact the Bank of Baroda Branch nearest to you.



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