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.
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