PNB has introduced a new scheme for property owners having
their property situated in Metro/Urban/ Semi Urban/rural
centres and who have let out such properties.
Property Owners having their properties situated in metro,
urban,
semi-urban and rural areas who have leased out such properties
to the following:
(i) Public Sector Undertakings / Govt. / Semi / State
Govt. & reputed corporates, Banks, Financial Institutions,
Insurance Companies and Multinational Companies.
(ii) Reputed private schools/colleges (approved by/affiliated
to State Board/University/ AICTE/ any other govt. body).
(iii) Reputed private hospitals/ nursing homes.
| Remaining
period of the lease |
Quantum
of Loan (Maximum
upto following %age of the future lease rentals
receivable for unexpired period of lease)
|
|
Upto 3 years |
80 |
|
Beyond 3 years
& upto 5 years |
70 |
|
Beyond 5 years
& Upto 7 years |
65 |
|
Beyond 7 years
& Upto 10 years |
55 |
*Branches
while financing under the scheme should ensure that
the TDS, wherever applicable have been taken into account.
| 
|
Assignment
of lease rentals. |
|
|
Equitable
mortgage of the leased property or any other
immovable property:-
| * |
In case of loans
having repayment period upto 5 years,
the amount of loan should not exceed
the value of the property mortgaged.
|
| * |
In case of loans
having repayment period beyond 5 years,
the amount of loan should not exceed
75% of the value of the property mortgaged. |
|
|
|
In case of Company - Personal Guarantee of promoter directors. |
Less than 3 years - BPLR minus 0.25% [Minimum 13.50%]
3 years and above - BPLR minus 0.25% + 0.50% (Term Premia) [Minimum 13.50%]
Maximum
120 monthly installments or remaining period of lease
whichever is less.
| Processing Fee |
|
 |
0.70% of the loan amount + Service Tax & Education Cess
| Documentation Charges |
|
|
Rs.270/- upto Rs.2 Lac + Service Tax & Education Cess
Rs.450/- over Rs.2 Lac + Service Tax & Education Cess
|
