Loan Against Future Rent Receivables

Maximum Ugx 5 (five) Billion or US$ (Two) Million.

(The loan can be in Ugx/US$ depending on the currency of the rent received)

• Owners who have let out or propose to let out their land ,premises, warehouses, show rooms to reputed companies, multi national companies, banks , public sector Undertakings, Established commercial organizations, institutions, Government, Quasi Government Departments, Bonded Warehouses.
• Landlords of Bank of Baroda (U) Ltd Branch, office premises, Residential flats, houses leased out to Bank of Baroda (U) Ltd.

Loan upto maximum period of 5(five) years {depending on period of lease}.

Repayment will commence one month after first disbursement.

50% of Lease rental due and receivable, (net of tax, advance rent and security deposit) for the residual period of confirmed lease period and the option period. (for the purpose of assessment of limit the option period shoould not be more than 1/3rd of the residual lease period)

The total monthly deductions (EMI and taxes etc) not to exceed 70% of the rent receivables.

General Business/ Personal needs

(Not for speculative or any other illegal activity)

For loan in Ugx:- @ 2% over prime lending rate with monthly rests subject to change from time to time.

For loan in US$:-8% over 6months US$ LIBOR minimum 11% p.a with monthly rests subject to change from time to time

Legal mortgage of leased property. Registration of the lease deed is compulsory.

* Interest rate is subject to change from time to time. View latest Interest Rate.

** For further details, contact any of our Branches of Bank of Baroda (U) Ltd.

@ 1.5% of the sanctioned amount one time upfront at the time of sanction.