Baroda Loan against Future Rent Receivable (Retail Segment)

• Loan against future rentals from the leased property.
• Funds may be used for any purpose, except for activities restricted by RBI or for speculative purposes
• Loans upto Rs 100 crore.
• Avail Dropline overdraft upto 10% of total limits.
• Longer repayment period upto 15 years.
• Competitive rate of interest and low processing charges.

• Individual / Non-individual owners of commercial properties, leased to reputed lessees.
• Repayment period upto 15 years.
• Maximum Loan amount upto Rs 100 crore.
• Additional concession of 25 bps in rate of interest for loans to owners of Branch / office premises leased to Bank of Baroda.
• Security: Assignment of future rent and Mortgage of leased property with 1.25x security cover.
• Debt service reserve account and escrow a/c to be maintained with Bank.
• Fixed interest option is available with 2% over & above applicable floating rate.

• Owners of commercial properties, leased to reputed lessees
• Individual with minimum CIBIL score of 650 and Non-individual with minimum CMR-5 rating.
• Property with social infrastructure may be accepted with collaterals in addition to the leased assets.
• Purpose: General Purpose / Personal needs, except for activities restricted by RBI or for speculative purposes.

In case of Individuals:

• Application Form duly filled and signed by applicant/guarantor.
• Form 135 of all the applicants
• Two Passport Size Photograph of applicant/co-applicant/guarantor.
• Bank A/c Statement for last 12 months where lease rentals are credited.
• Personal Identification Proof (Any one).
  1. PAN Card, Aadhar Card, Driving License, passport, Electoral I-Card etc.
• Residential Address Proof (Any One):
  1. Electricity Bill, Telephone Bill (Land Line), Electoral/Voters ID Card, Passport.
• In case of takeover of loan:
  1. Term Loan account statement with existing lender.
  2. Sanction letter for existing loan

In case of Non-Individuals:

• Memorandum of Association, Article of Association and Certificate of Incorporation.
• Form 135 of all the promoters, partners, guarantors etc.
• Board Resolution (wherever applicable).
• Details of existing banking relationship with our Bank/other Banks.
• Bank A/c Statement for last 12 months where lease rentals are credited.
• In case of takeover of loan:
  1. Term Loan account statement with existing lender.
  2. Sanction letter for existing loan
• Latest -3- years audited Balance sheet & Profit & Loss account.
• Individual tax returns of the Partners/Directors/Proprietor etc.
• Place of Business/Nature of Business/Line of Activity etc.
• Details of Associate Concerns

Property Related Documents:

• Original title deeds of the leased property or any other property offered for mortgage along with complete chain of title deeds.
• Latest maintenance, Water Tax, Municipal Tax and any other such taxes paid receipt.
• Permission to create Equitable Mortgage from society / Development Authorities. (Wherever applicable).
• Copy of registered Lease deed.
• In case lease rent are already received
  1. Form 26 AS issued by Income Tax Authorities.
  2. Copies of GST returns for last 4 quarters.
• Any other documents specified by Bank’s panel advocate in the legal opinion/ title clearance report.
• Profiles and Brief financials of lessee.

Note : Additional concession of 25 bps in rate of interest for loans to owners of Branch / office primises leased to Bank of Baroda.

Processing Charges

• (One Time*) - Min 1000/- & Max 1 % of loan amount

Escrow Charges

Prepayment charges

Note: Interest rate & Charges are subject to change from time to time.