Landlords
of our Branch/Offices premises (Including residential flat/houses leased to our Bank.)
Owner
of property (Commercial/Residential) who have rented the same to Public Sector Banks, Public Sector
Undertakings, Post Office & Government Departments.
Owner
of property (Commercial /residential/ IT Parks/Malls/properties in Industrial area/ SEZ) who have rented the
same to other reputed companies/MNCs/ Institutions/ Private Sector Banks etc.
The
property leased out should not have any litigation regarding the title and it should be owned by the
borrower.
The
loan is not permissible in case where lessor and lessee belong to the same group. However in cases where there
are multiple offices/ units in a single building and of which few unit(s) are leased out to firm(s) under the
same group and remaining other unit(s) to other eligible lessees, financing under the scheme shall be permitted.
In such cases the rentals from such sister concern(s) should be excluded while arriving at the eligible loan
amount
The
eligible lessors shall exclude the property owners who have leased out the entire property to following
lessees:
- Education
Institutions
- Sports
Infrastructure
- Hospitals
However,
if the rent receivable from the above said restricted entities constitute less than or equal to 1/3rd of the
total rent receivable, the same can be considered eligible.
Further
land and building where Educational Institution / Hospitals are located shall not be accepted as collateral
security.
