Easy Loans To First Time Borrower
Start your journey with simple, quick financing
Tax Deductions Can Be Availed By Owning More Property
Save more while growing your property portfolio
Effective To Expand A Growing Business
Fuel your business growth with easy funding
Flexible Norms With Longer Tenure
Enjoy freedom with extended repayment flexibility
Minimum Turnaround Time
Get funds fast when you need them most
Things to know
Fees and charges
- Competitive interest rates
- Competitive processing fees
- No hidden charges
- Click here to see Fees and Charges
Documents required
- Loan application form
- Know Your Customer (KYC) documents
- Financial documents
- Banking documents
- Rental lease deed
- Any other document as required
- Property/Collateral Documents
Frequently Asked Questions (FAQs)
What is Lease Rental Discounting?
Rental discounting is a term loan offered against rental receipts and availed by lessor against leased contracts.
What is the residual lease period?
The residual lease period should not be less than 3 years.
What is a Tripartite agreement?
A tripartite agreement is an agreement between the bank, lessor and lessee to make rental deposits directly in the designated account.
What are the types of properties eligible for LRD?
Residential, commercial, and industrial properties generating consistent rental income are eligible for LRD. The property should be legally owned and have a valid lease agreement.
Are there any tax benefits associated with Lease Rental Discounting?
LRD may offer certain tax benefits when you own a second property. It is best to consult a tax expert for precise details.
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