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Lease Rental Discounting

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Lease Rental Discounting


What is LRD?

If you are looking for funding and have commercial or non-commercial collateral to offer this might work as the best solution for you. Lease Rental discounting is a process that is streamlined as rent is transferred directly to the bank as EMI instead of going to the owner. Each bank has its own criteria as far as the amount of the loan against property is concerned. But, on average one can get up to 70% of the property valuation in the loan amount. To apply for this type of loan, the borrower has to submit the necessary documents to the lender, which basically include KYC, rental agreement, financial documents & property documents. The bank then does the evaluation of the property and sanctions the loan amount based on the evaluation. The evaluation is done by the evaluation experts and mainly are the 3rd party org.

Who all are eligible for LRD?

  • Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector company in India.
  • Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants, and lawyers.
  • Self Employed: Individuals like traders, distributors, manufacturers, service providers, etc.
  • Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited companies.