Loan against future rental

Loan against Future Rental scheme has been introduced by various banks/financial institution for property owners having their properties situated in Metro/Urban/ Semi Urban/rural centres and who have let out such properties.
Some eligibility criteria defined by certain Banks
• Owners who have let out or propose to let out their premises to Reputed Companies/institutions, Public Sector Undertakings/Established Commercial Organizations/Multinationals/Banks.
• Landlords of Financial Institution/Banks /Office premises.
• Landlords of residential flats/houses leased out to Bank of Baroda for Officers/ Executives quarters.
• Public Sector Undertakings / Govt. / Semi / State Govt. & reputed corporates, Banks, Financial Institutions, Insurance Companies and Multinational Companies.
• Reputed private schools/colleges (approved by/affiliated to State Board/University/ AICTE/ any other Govt. body).
• Reputed private hospitals/ nursing homes
• Franchisees/dealers/distributors of reputed corporates
However, the eligibility criteria differ from bank to bank according to their respective schemes and policies.

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