Loan Against Rental Income Scheme


Beneficiary Owners of the Property who have let out or proposed to be let out the same to Reputed Company/Commerical/Industrial/Software Companes, MNCs , Banks , PSUs/Reported Govt./Semi Govt./Institutions/Organisations , financial Institutions , Insurance Companies etc.
Purpose For meeting business/ personal needs.
Loan Limit Maximum to the extent of 50% of post TDS Rent Receivable for a period. Not exceeding 120 months or un- expired period of lease or Rs 25 Lac whichever is less.
Rate of Intt 12.50%
Margin 50%
Repayment Period Maximum 10 years  OR unexpired period of lease wichever is earlier.
Collateral Security Mortgage of landed property value of 150% of the loan amount  .
                                      OR
Other chargeable securities such NSCs, IVPs, Banks on Deposits to the extent of 100% of Loan amount.
                                       OR
150% cover partly by immovable property and partly by securities such as NSCs,IVPs, Bank's on deposits. In case of property /Security is in the name of third party,personal gurantee of the owner of assets proposed to be taken as collateral security.
Area of Operation Loan shall be advanced in the area operation in the Jalandhar district.
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A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine.

I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me: when I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel the presence of the Almighty, who formed us in his own image.

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