Lease Rental Discounting (LRD Loan)
Loans available for business or personal purpose against monthly rent receivables from self-owned premises let out on rent.
Loan Amount (Min- Max)
5 Lakhs– 5 Cores
Loan tenure (Min- Max)
3 Years – 10 years or remaining lease period whichever is lower
Landlords having rented income under a registered lease deed
Spouse or close blood relative as co-applicant
Mortgage of the property earning the rental income as per the lease deed
- ID and Address proof
- Copy of registered lease agreement
- Bank account statements for 6 months evidencing the rent credited
- 2 Years ITRs with computation of income.
- Balance Sheet/Profit & Loss account statements.