FUTURE RENTAL SECURITIZATION
	For the convenience of our borrowers, we have started innovative scheme wherein we provide loan against assured rental receivable for their owned property which has been let out to reputed/govt. companies.
	ELIGIBILITY: Property owners having properties at Metro/Urban/Semi-urban areas who have let out their properties to Public Sector Undertakings/Government/Semi-government and reputed corporates, banks, financial institutions and multi-national companies can avail loan against future rental receivable.
	LOAN AMOUNT: Maximum Loan Amount would be 80 % of the total future rent receivable within the un-expired period of lease deed subject to a maximum period of 10 years. Loan amount will be restricted to a maximum of 80% of the market value of the property.
	INTEREST RATES: (Effective from 01.08.2008) The rate of interest will be 15.75%.
	MARGIN: Minimum contribution of the borrower would be 20% of the future  rent receivable with the loan period.
	SECURITY: We shall require Equitable/ Registered Mortgage of the property against the rental of which the loan is being sought.
	LOAN DISBURSEMENT: In case of purchase of the property, the loan would be disbursed directly to the borrower, in lump sum or as per demand therefrom. In case of construction, the loan would be disbursed in stages (maximum being 3) based on the progress of construction. Disbursement will be made after the property has been technically appraised and all legal documentation has been completed. Disbursement would be made only after borrower contribution has been invested in full.
	LOAN REPAYMENT: In case of purchase of the property, the loan would be disbursed directly to the borrower, in lump sum or as per demand therefrom. In case of construction, the loan would be disbursed in stages (maximum being 3) based on the progress of construction. Disbursement will be made after the property has been technically appraised and all legal documentation has been completed. Disbursement would be made only after borrower contribution has been invested in full.
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