IDBI provides finance in the form of project funding and securitisation of lease rentals, to a borrower (promoter group in case of SPV), with continuous profit for the last 3 years, internal rating of 'A' and above, for productive construction activity in real estate. Assistance would be in the form of term loans and total term loans including IDBI loan should not exceed 30% of the project cost. For projects exclusively for lease out, the ceiling on total loans will be 60% of project cost. Interest rate would be based on creditworthiness of borrower, rating, risk perception, tenure of loan and other relevant factors. The assistance would be short to medium term in nature not exceeding 5 years. As regards securitisation of lease rentals, the strength of the lessee and lessor would be assessed on the basis of financials, reputations, track record and cash flows. The exposure would be on the basis of present value of lease rentals of maximum 7 years excluding expenses (like TDS, maintenance, property tax and adjustment of advance payment) or 60% of the property value less advanced payment received from the lessor, whichever is lower.