Lease Rental Discounting
Lease Rental Discounting loan (LRD) is a type of loan in which you can avail loans on the basis of future rental income, value of the property and discounted value of rentals. It is granted against the rental receipts from tenant.
The LRD term loan is a gainful financial option to explore if you require a short-term loan for your personal or professional needs. You may opt for an LRD loan if you own residential or commercial or warehouse premises and if your premises is generating rental yields. Your leased property must have a registered agreement between yourself and the lessee.
Benefits & Features
- It helps the owners to utilize their property in a much more effective way.
- A balance transfer & top-up loan facility with less documentation.
- Maximum loan amount as per norms.
- Avail overdraft facility on LRD.
- Longer Tenure with flexi use of funds
- Minimum lease period.
- Residential, commercial and warehouse property under lease.
- It helps the owners to utilize their property in a much more effective way.
- A balance transfer & top-up loan facility with less documentation.
- Maximum loan amount as per norms.
- Avail overdraft facility on LRD.
- Longer Tenure with flexi use of funds
- Minimum lease period.
- Residential, commercial and warehouse property under lease.
Who Can Apply For LRD?
We offer Lease Rental Discounting (LRD) to property owners who have leased their owned premises to receive rent. The LRD eligibility is calculated on the basis of the discounted rental cash flows of the property, and its current market value. It is a term loan that can be used for both personal and professional needs.
EMI Calculator
You can use the EMI Calculator to calculate your monthly installments way before you apply for a loan and have a definite estimate of your monthly payments well in advance.
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC ( PDF Format) | ||
| Identity proof of Applicant & Co-applicants | Pan card of the company | Pan card of the company |
| Address proof of Applicant & Co-applicants | List of directors on shareholding pattern-certified by CA | Partnership Deed |
| Business vintage proof | Business vintage proof | Business vintage proof |
| GST registration | GST registration | GST registration |
| Article of Association and Memorandum of the company | Identity proof of all directors | |
| Identity proof of all directors | Address proof of all directors | |
| Address proof of all directors | ||
Income Proof (Last 3 years)- Attested By CA & Directors ( PDF Format)
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC ( PDF Format) | ||
| Income Tax Return | Income Tax Return | Income Tax Return |
| Computation of Income | Computation of Income | Computation of Income |
| Balance Sheet | Balance Sheet | Balance Sheet |
| Profit & Loss | Profit & Loss | Profit & Loss |
| Creditors & Debtors | Creditors & Debtors | Creditors & Debtors |
| Complete all Audit Report | All Director's Report | Complete all Audit Report |
| 26 AS (2 years) | Complete all Audit Report | 26 AS (2 years) |
| GSTR-3B ( one year) | 26 AS (2 years) | GSTR-3B ( one year) |
| One year Bank Statement of all accounts(Both Saving & Current) | GSTR-3B (one year) | One year Bank Statement of current accounts. |
| All Directors | All Partners | |
| Income Tax Return | Income Tax Return | |
| Computation of Income | Computation of Income | |
| 26 AS | 26 AS | |
| One year Bank Statement of saving accounts. | One year Bank Statement of saving accounts. |
| Other Documents ( PDF Format) |
|---|
| Current loan SOA if any |
| Ownership Proof * |