Lease Rental Discounting (LRD) is a term loan offered by banks against rental receipts derived from lease contracts with corporate tenants. The loan is provided to the lessor based on the discounted value of the rentals and the underlying property value. Lease Rental Discounting helps to raise funds against the future expected rentals of self owned commercial property. To avail this loan the property should be occupied by the Lessee. Just like Loan against Property, LRD can be provided for any personal requirements like:
- Marriage
- Child education
- Business
- Purchase of Property (Where mortgage is not possible)
- Improvement of property
- Medical treatment
Lease Rental Discounting can be availed by resident Indian whether salaried or self-employed. Lease Rental Discounting lets you avail loan up to 60% of market value of property for tenor up to 12 years at attractive interest rates. Higher loan amount up to Rs. 22 Crores. Under LARR & LRD, we provide funds for your business against your rent receivables. You can use the funds to grow your business, consolidate your existing loans, expand your business into newer ventures or use the funds for any other requirement you may have.
Salient Features & Benefits:
- Higher eligibility on net rentals.
- Attractive interest rates.
- Extended loan tenure available. Customized product to suit your needs and structured specially for you.
