APNA OFFICE – INDIVIDUAL

LEASED RENTAL DISCOUNTING

COMMERCIAL LAP
 APNA OFFICE INDIVIDUAL
Who can be the Resident Indian Individuals Security  Equitable/ Registered Mortgage of
customer Commercial Property.
Type of Property Shop, Showroom, Office Space.  Demand Promissory Note & Money
Receipt.
 Any Additional / Interim / Collateral
Age of Property Max 25 years Security, to be taken if required by
Sanctioning Authority.
Term 15 Years Document  Ownership proof, Sanction map
Required  Lease agreement
Sanctioning Regional Office, Back Office  Bank Statement showing monthly
Authority rent credit
 Financials of customer
Quantum of Loan  Minimum Loan – Rs. 10 Lacs and
 Financial of tenant (if private
Maximum – Rs.15 crores.
organization)
 LTV - 75% of agreement/ sale deed
value
 LTV – 70% of market value as assessed Interest Rate  9.00% (For CIBIL score >=700)
by LICHFL panel valuer in case of  9.35% (For CIBIL Score >600 and <
extension/ renovation and take over 700)
and top-up from other institutions. Processing Fees 0.50% of loan amount
 IIR- upto 90%.
 LEASED RENTAL DISCOUNTING
Who can be the Individuals/Companies Eligibility  LTV max 60%
customer  Max MLSC 70% of the net rent which is
almost equal to 5 years rent
Type of Property Residential /Commercial
Document Required  Ownership proof, Sanction map
Age of Property Max 20 years  Lease agreement
 Bank Statement showing monthly rent
Type of tenants PSUs/Govt undertakings, Banks, Financial credit
institutions, Reputed Corporates/ Firms.  Financials of customer
 Financial of tenant (if private organization)
 ESCROW Account
Term 10 Years
Interest Rate  9.60% (For CIBIL score >=800)

Whether lease  Preferably it should be registered

agreement to be  If not, then minimum 6 months rent
registered credit to be checked Processing Fees  0.50% of loan amount (For CIBIL
Score>=725)
 0.60% of loan amount (For CIBIL
Score<725)
 COMMERCIAL LAP (LOAN AGAINST PROPERTY)
Who can be the Indian Resident- Salaried / Self Employed
customer Non Individuals- Firm(including
proprietorship, Partnership &
LLP)Limited Company (Public/ Private)
Type of Property Commercial Property including Shop,
Showroom, Office Space, Banquet Hall,
Warehouse, Clinic, Hospital etc.
Age of Property Max 20 years
Term 15 years
Sanctioning Regional Office, Back Office
Authority
Quantum of Loan  Minimum Loan – Rs. 50 Lacs.
 LTV -50% of valuation of property as
per guidelines.
 IIR- Maximum upto 90%.
Security  Equitable/ Registered Mortgage of
Commercial Property.
 Demand Promissory Note & Money Receipt.
 Any Additional / Interim / Collateral Security,
to be taken if required by Sanctioning
Authority.
 Personal Guarantee of Directors / Partners as
applicable.
 In case of Companies, Registration of Charge
in ROC.
Document Required  Ownership proof, Sanction map of local
development authority/Awas Vikas.
 Lease agreement
 Bank Statement showing monthly rent credit
 Financials of customer
 Financial of tenant (if private organization)
Interest Rate  Upto 5 cr – 9% to 10% (Based on CIBIL score)
 For above 5 cr – 9.50% to 10.50% (Based on
CIBIL Score)
Processing Fees 0.50% of loan amount
Special Conditions:
• Property given for security must be self-occupied.
• If the Property is not self occupied or partly let out(say > 25%) the proposal can be
considered only by RM
• All applicant must be co-owner except in case of spouse of applicant. NO income of any
Applicant , who is not a co-owner, should be added for calculation.
• Income of spouse of an applicant can be considered for IIR calculations even through
spouse is not co-owner.
• Joint Applicants from father / mother with son(s)/ daughter (s) may also be considered
without insisting on co-ownership & their income can also be considered for calculation.
• End Use certificate to be necessarily provided.
 Where & How to market
Contacting the businessmen/owners of commercial properties as below:

Showrooms

Office Spaces

Shops

Takeover of CC loan on Commercial Properties

Why customer will come to us:
Lower EMI

Higher Term upto 15 years

Lowest processing fees

Competitive Rate of interest

No hidden charges

Higher loan eligibility due to longer term

Brand name of LIC

 Why to market this product:

Higher slab of Help in achieving

Higher margins for
commission for the the Annual target
the company.
marketing force. of the office.
THANK YOU