• Mahabank Realty Rentals
• Mahabank Realty mortgages
Finance against rent receivables
(Mahabank Realty Rentals)
Purpose: For meeting business requirements / personal needs
Eligibility: Individuals / Partnership firms / Ltd. Companies , owning commercial buildings/premises, let out on long term lease and who desire to raise loans against the future rent receivables.
Amount of Loan: Minimum Rs.5.00 lakhs, Maximum For properties located at Metros:Rs, 3.00 crores For properties located at other centres:Rs 1.00 Cr.
Margin: 25% of the amount of rent receivables (net of taxes) during loan period
Rate of Interest: BPLR - 1.25% i.e 10.25% p.a at present
Security: Hypothecation of lease / rent receivables.Power of attorney for collection of lease / rent receivables. Power of attorney for collection of lease / rent receivables and mortgage of the property.
Repayment: By equated monthly installment maximum within 7 years.
Processing charges: 0.60% of the loan amount
Finance against mortgage of self occupied property
(Mahabank Realty Mortgages)
Purpose: For meeting business requirements / personal needs
Eligibility: Individuals, Proprietorship, Partnership firms, Pvt.Ltd. Companies owning properties which are unencumbered and under self occupation
Amount of Loan: Minimum Rs. 1.00 lakh, Maximum for properties located at other centres Rs.50.00 lakhs For properties located at Metros:Rs 1.00 crore.
Margin: 50% of the value of property
Rate of Interest: 12.75%p.a
Security: Mortgage of the property
Repayment: By equated monthly installment maximum within 7 years
Processing charges: 0.60% of the loan amount
Saturday, July 19, 2008
Subscribe to:
Post Comments (Atom)
1 comment:
Hi I like Your Blog. Your blog is really informative and helpful for all. Keep updating with newer postS. Visit Personal Loan For Aftek Employees.
Post a Comment