• Andhra Bank Loan against Rent Receivables

    Loan against rent receivables can be availed by individuals for personal and emergency expenses.

    Purpose of the loan

    To meet financial requirements

    Eligibility criteria

    • Must be an individual, private limited company, public limited company, partnership or proprietorship.
    • Trusts can also take out loans against rent receivables.
    • Unencumbered commercial/residential properties rented out to reputed private sector/public sector/multinational undertakings, consulate offices and embassies of foreign nations are also eligible.


    • The maximum amount of money that is granted via loans through rent receivables is Rs.10 crore.
    • The loan must be repaid within 120 months or the unexpired lease period, whichever is less.
    • The main security for the loan is the rent receivable.
    • If the amount borrowed is under Rs.1 lac, there is no requirement to pledge collateral.
    • If the amount borrowed is more than Rs.1 lac, the equitable liquid assets like deposits and NSCs or the property‚Äôs equitable mortgage can be pledged as collateral.
    • A guarantor must be nominated and whether or not he/she qualifies will be determined by the bank.


    • No prepayment charges
    • Low processing fee
    • Minimal documentation
    • Hassle-free application procedure
    • Dedicated team for customer service
    • Flexible repayment period

    Interest Rate

    If the tenure of the loan is less than 36 months, the interest rate will be the base rate plus 2.5%. Currently, the rate stands at 12.75%. If the tenure of the loan is more than 36 months, the rate of interest applicable will be the base rate plus 2.5% plus 0.25%, which means that the rate at present is 13%.

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