Property Overdraft
The overdraft facility from the bank allows you to borrow money against your self-occupied property. The overdraft facility comes with a multi-city cheque book and phone banking facility. The customer is charged interest only for the amount that he withdraws from the account. Whenever he deposits funds into the account, they go towards reducing the outstanding balance in the account.
It offers the following benefits:-
- Generating capital against property (R) or ( C) for business or personal use
- Convenience of Pre - Sanctioned limit and draw as you need
- Pay interest on the amount drawn and for days utilized
- Convenience of depositing & withdrawing like any Current Account
- Benefit of Cheque Book & Phone banking
- Fast Processing and door-step service
- Multi-city cheque book and phone banking facility
Property Overdraft can be availed by Resident Indian who are Self-Employed
Lease Rental Discounting
Lease Rental Discounting helps to raise funds against the future expected rentals of self owned commercial property. The property should be occupied by the Lessee. Similar to Home Equity Loans, LRD can be provided for any personal requirements of the customer viz. –
- Marriage
- Child Education
- Business
- Purchase of Property (Where mortgage is not possible)
- Improvement of Property
- Medical Treatment
Lease Rental Discounting can be availed by Resident Indian whether Salaried or Self-Employed |
