Eligibility:
Owners who have let out or propose to let out their premises to reputed Companies/ MNCs/ Banks/ Multinationals/ Public Sector Undertakings/ Established Commercial Organizations, Institutions / Govt. Quasi Govt. Departments, etc.
Landlords of our Bank/ Office premises who have leased out their premises to Nainital Bank.
Note: Exposure must be under commercial real estate segment as per extent guidelines of RBI/Our Bank from time to time.
Type of facility: :
Term Loan
Amount of facility:
Maximum up to: Rs.1500.00 Lakh.
Features :
Up to 95% of Net Present value of the Rent.
No Personal Guarantee is Required.
Repayment period of up to 10 years.
EMIs aligned with your rental cash flows.
Takeover facility is also available.
Rate of interest:
NRLLR + 2.00% at present with monthly rest.
NRLLR + 1.50% at present with monthly rest, for the loans sanctioned to the landlords of Bank's Branch/ Office premises.
Processing fee including documentation charges:
As per Bank's prevalent guidelines.