Loan Against Future Rent Recievables
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. 1.25 lac
- Maximum : Rs.200 crores
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
For further details, please contact the Bank of Baroda Branch nearest to you.
> Home Loan
> Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan
> Career Development Loan
> Car Loan
> Two Wheeler Loan
> Loan to Doctors
> Traders Loan
> Personal Loan
> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)
> Baroda Advance Against Gold Ornaments /Jewellries (At Urban & Metro Centres)
> Baroda Traders Loan Against the Security of Gold Ornaments /Jewellries (At Urban & Metro Centres)
