Established in 1972, GP Parsik Bank offers a wide range financial products and services which include Banking Services, Deposit Schemes, and Loans and Advances. The bank offers all kinds of loans including Housing Loan, Car Loan, Professional Loan, House Repairing Loan etc. The bank has nearly 55 fully-equipped branches in India.
Usually, Rent Discounting Loans are terms loans offered against rental receipts derived from lease contracts with corporate tenants. It is a kind of personal loan and the purpose of this loan is to help you meet your personal requirements. In a Rent Discounting scheme, the agreement take place between the borrower and the lender and the main term of payment is the rent. Rent is considered as a fixed income and based on it the borrower is sanctioned a loan. Under this scheme, the rent directly gets deposited with the lender. It does not reach the borrower who is actually the owner of the premise.
The eligibility criteria for GP Parsik Bank Rent Discounting Scheme include:
The applicant of the loan should be owner of property which is rented to private or public companies, educational institutes, Public trust etc.
The important features and benefits of GP Parsik Bank Rent Discounting Scheme include:
GP Parsik Bank may ask you to submit the following documents, along with a complete loan application form: