LEASE RENTAL DISCOUNTING

PARAMETER PARTICULARS
Target Segment

This product is proposed to be offered to borrowers who are deriving a stable and assured income stream in the form of rental from an acceptable / credible lessee.

Individuals, Partnership Firms, Private/Public Limited Companies, Trusts, Registered Bodies (like Educational Institutions, Societies, Association of persons) owning the properties

Purpose of Loan Any purpose acceptable to the Bank, but not for any speculative/ illegal purpose whatsoever.
Loan Amount Minimum : Rs. 5.00 lakhs Maximum : Rs 500 lakhs
Maximum Tenor Upto the residual lease period or 8 years, whichever is lesser
Lease Agreement The same should be registered as per prevailing law of the State.
Eligible Properties Commercial properties and warehouse which is ready for occupation
Eligible Tenants

 1. Well known Multinational Cos, Public Sector Undertaking and their subsidiaries, Banks, Financial Institutions, Insurance Cos, and Central Government Offices.

 2. Other companies/ Institutions/ Firms which are in existence for a period of at least 3 years and have earned cash profits at least for last 2 years.

 3. Well reputed companies with minimum external rating of BBB in the private sector.

Repayment In the form of EMIs by debiting the escrow account opened with CSB where the rentals are deposited by tenant on a monthly basis.