Leverage your property rental receipts to meet business and personal goals.
With Lease Rental Discounting, you can utilise rent received from your commercial property to avail of loan for your business, working capital or personal needs.
Moreover, there is no additional outflow of money as Equated Monthly Installment (EMI) is recovered directly from the rent.
Pay interest only on the funds you use
Funds can be used for business or personal
EMI is deducted directly from the rent
No, Lease Rental Discounting (LRD) can be offered only against the rent received from a commercial property.
The maximum tenure we offer is up to 15 years. However, the actual tenure offered will depend on the remaining lease tenure as per your lease agreement with the lessee.
Up to 90% of the loan amount can be offered as an overdraft and the remaining amount will be a term loan. EMI is payable on the term loan amount and on the overdraft limit, you need to pay interest due based on the monthly utilisation.
For assessing the lease, copies of the executed lease agreement and bank statement reflecting the rental credits have to be provided additionally, along with other documents as required for the loan application.
