Lease Rental Discounting (LRD) is a kind of financial help that is generally offered against rental receipts. These receipts could be procured from lease contracts with corporate tenants. It is important for you to know this loan is basically calculated according to the discounted rent potential of the property and current market value. Availed moneycould either be used for personal or professional needs.
Features of Lease Rental Discounting:
- Residential and commercial property underlease can be used as collateral
- Up to 9 years of tenure
- Up to Rs. 500 Lakh could be availed (amountmust not be more than 75% of the property value)
Terms and conditions apply *
The indicative rate of interest charged by various banks are given in table as below, however final rate may differ depending on the profile of individual and parameters of bank.