• Bank of Baroda Loan against Rent Receivables

    Bank of Baroda provides a specific loan that can help individuals get financing against the value of their owned immovable properties. This loan allows liquidity options for property owners who would otherwise need to avail of business loans or personal loans for any business or personal needs.

    Eligibility criteria

    1. Individuals or entities (property owners) who have let out or consider to let out their premises to reputed companies or institutions, public sector undertakings, established commercial organisations, multinational companies or banks
    2. Individuals who are landlords of premises occupied by Bank of Baroda or its branches
    3. Individuals who are landlords of premises occupied by Bank of Baroda’s officers or executives through the purpose of residences
    4. Individuals of age limits within a minimum of 21 years and being legal owners of a commercial or residential property

    Type of Financing

    The financing modes allowed under the Baroda Loan against Rent Receivables is a term loan.

    Maximum loan amount

    Based on the credit-worthiness of the applicant, Bank of Baroda can provide loans that can range from a low limit of INR 5 lakhs to a high limit of INR 750 crores (subject to the discretion and satisfaction of Bank of Baroda).

    55% of the rent received will be considered for general customers and 70% of the rent received by landlords of premises occupied by Bank of Baroda, its branches or its management-level employees are the statutory limits that will be considered for fixing the loan limits.

    In case of loans being made available to landlords related to Bank of Baroda, the loan can be used only within the premises occupied by the bank or its associated entities.

    The repayment duration can be of a maximum of 10 years.

    Interest rate

    Interest rates for a Loan against Rent Receivables could be of a maximum of Base Rate + 3.250% per annum based on Bank of Baroda’s discretion. Landlords associated with Bank of Baroda can enjoy a lower interest rate of Base Rate + 1.25% per annum. The rates are as per November 2015.


    1. Loan application
    2. Certified copy of lease deed
    3. Proof of income for applicant and lessee
    4. Copy of IT return
    5. Certified copies of title deeds of the properties leased out and mortgaged along with most recent tax receipts
    6. Copy of approved building plan
    7. Tripartite agreement involving the bank, the borrower and the lessee detailing the process of rent payment directly to the bank or a letter from the borrower for collecting rent direct and a letter from the tenant to pay rent direct to the bank
    8. Other documents as deemed fit by Bank of Baroda


    The loan against rent receivables from Bank of Baroda is a secured loan that leverages on the value of an owned immovable property and provides for a good financing option for individuals to meet any needs, personal or business related.

    The loan period can be of 120 months and the loan processing time is very less when compared to other business or personal loans. The loan process involves minimal documentation.

    Applying for Bank of Baroda Loan against Rent Receivables

    Through Bank of Baroda’s website the forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bank of Baroda requesting an executive assistance for application process.

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