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Why Take Lease Rental Discounting(LRD) Loan From Us?

  • 20 years of experience in Lease Rental Discounting Loan (LRD).
  • Lease Rental Discounting Loan (LRD) up to Rs. 100 crore.
  • Lowest ROI & processing fees.
  • 20% higher loan amount than other service provider.
  • Lease Rental Discounting Loan (LRD) up to 75% of market value of property.
  • Lease Rental Discounting Loan (LRD) to “LOW CIBIL SCORE” or “NO CIBIL SCORE”.
  • Loan to all kinds of profile. There is “NO NEGATIVE PROFILE” for us.
  • Lease Rental Discounting Loan (LRD) on almost all types of property.
  • Minimum Documentations.
  • Fastest loan approval guaranteed
  • No Hidden Charges
  • Amicable after sales service

Do you want to know more about Lease Rental Discounting(LRD) Loan?

Lease rental discounting is a kind of loan against property provided by bank or NBFC against rental receipts of the borrower which is derived from lease rent contracts with corporate clients. The loan is provided by lender to the lessor on the discounted value of the lease rentals and market value of the property.

Benfits of Lease Rental Discounting(LRD) Loan are as follows:-

  • BUSINESS EXPANSION: You can utilized lease rental discounting (LRD) loan amount towards expansion of your business.
  • PURCHASE OF NEW PROPERTY: You can utilized lease rental discounting ,LRD loan amount for purchasing and building new property.
  • CONSOLIDATION OF OTHER LOANS: Lease rental discounting loan amount can be utilized to pay off other personal loan, gold loan, business loan or any other small loan which are on high rate of interest because rate of interest on LRD is cheaper than unsecured loans.
  • PERSONAL EXPENSES Lease rental discounting (LRD) loan amount can be utilized to fulfill personal needs like medical expenses, marriage, educations, foreign tour etc.
  • WORKING CAPITAL REQUIREMENT Lease rental discount (LRD) loan amount can be utilized to fulfill working capital requirement of your own business.

A professional consultant will save your time and money both, If you need a professional guidance then contact LOAN ON PHONE. We are always with you.

You can borrow loan against rental property from bank or NBFC on following types of property:-
  • LEASED OR RENTED COMMERCIAL PROPERTY: Lease rental discounting loan offer by bank or NBFC against commercial property which you have leased out for a longer period say 5 years or more, to corporate clients.
  • LEASED OR RENTED INDUSTRIAL PROPERTY: If you have lease out your industrial property to some big corporate for a longer period of time say 5 year and more than bank or NBFC may lend you loan against leased or rented industrial property also.

All the bank or NBFC have their own loan eligibility criteria but there are some common loan eligibility criteria which borrower has to fulfill to avail loan from bank or NBFC.

Following are some key important factors which would be checked by bank or NBFC to accept or reject the lease rental discounting loan application:-

  • Age: At the time of lease rental discounting loan (LRD Loan) application, applicant must be 21 years or above but not more than 60 years in case of salaried person and 65 years in case of self employed non professional because repayment of the loan has to be completed on or before 60 or 65 years of borrower age.

  • Lease Agreement Period: Lease agreement period is very critical and important factor for taking lease rental discounting loan from Bank or NBFC. Bank will not provide loan if lease period is less than 5 years.

  • Other Source of Income Bank or NBFC checks other source of income of an individual who is applying for lease rental discounting (LRD) loan. A secondary source of income, ensure the lender regular repayment of their loan EMI if lessee vacate the property
  • CIBIL SCORE: A lease rental discounting (LRD) loan borrower who is having good cibil score will get quick loan from the bank or NBFC. Cibil score is a decisioning factor for sanctioning or rejecting lease rental discounting (LRD) loan applications.
  • VALID, CLEAR AND MARKETABLE TITLE DEEDS OF PROPERTY: A lease rental discounting (LRD) loan borrower must be having valid, clear and marketable title deeds of entire chain of the property along with approved sanction plan or map. The ownership and physical possession of the property lies with the borrower only.

What are the documents required for Lease Rental Discounting(LRD) Loan?

Documents required for lease rental discounting loan depends upon the type of employment of an individual.
Documents required for different types of employment are as follows:-

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement
  • Copy of Registered Lease Deed
  • Employee ID Card

Income Documents

  • Latest 3 months salary slip
  • 3 years form-16, 26AS, ITR with computation of Income
  • Annual CTC Letter
  • Copy of Appointment Letter

Bank Statements

  • One year up to date salary account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement
    showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of previous chain of property papers
  • Copy of approved sanction plan or Map

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of VAT/ Sales Tax, GST, Import-Export or any other registration Certificate
  • Latest Office Address proof i.e electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the firm

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the saving and current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of previous chain of property papers
  • Copy of approved sanction plan or Map
Individual Partners Document

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement/ Registered Lease Deed

Income Documents

  • Latest 3 year ITR with computation of Income
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the saving account statement

Loan Documents

  • Copy of Sanction Letter
  • Upto date loan account statement
  • Loan repayment schedule
  • 12 Month upto date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of previous chain of Property papers
  • Copy of approved sanction plan or Map
Partnership Firm Document

KYC Documents

  • Pan Card
  • Copy of VAT/ Sales Tax, GST, Import-Export Certificate or any other registration certificate
  • Copy of Partnership Deed
  • Latest office address proof ie. electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the firm

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed
Individual Directors Document

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement/ Registered Lease Deed

Income Documents

  • Latest 3 year ITR with computation of Income
  • Latest 2 year form-16 with 26AS if applicable

Bank Statements

  • One year up to date all the saving account statements

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of previous chain of property papers.
  • Copy of approved sanction plan or Map.
Private Limited or Limited Company Documents

KYC Documents

  • Pan Card
  • MOA & AOA
  • Copy of VAT/ Sales Tax, GST, Import-Export Certificate or any other registration certificate
  • Latest office address proof ie. electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the Company
  • List of director & shareholder with their shareholding pattern duly certified by CA.
  • Latest form-32

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

KYC Documents

  • Pan Card
  • Copy of Passport with VISA
  • Copy of Green Card
  • Complete CDS certificate in case of Merchant Navy
  • Copy of valid residence proof in abroad
  • Employee ID card or Labour card
  • Copy of latest work permit

Income Documents

  • Latest 3 months salary slip
  • Latest 3 years income tax acknowledgement form
  • Annual CTC letter
  • Copy of appointment letter
  • Credit report from credit agency

Bank Statements

  • One year Upto date NRI Salary account statement
  • One year Upto date NRO/NRE account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Month of upto date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Power of Attorney Holders Documents

  • Copy of PAN card & Aadhar card
  • Power of Attorney in favour of blood relatives or relatives in India

Property Documents

  • Copy of previous chain of Property papers
  • Copy of approved sanction plan or Map

What is the rate of interest of Lease Rental Discounting(LRD) Loan in 2018?

Currently the rate of interest of Lease Rental Discounting Loan (LRD) is based upon marginal cost of lending rate (MCLR) plus margin on the MCLR. Bank or financial institutions offers lowest or competitive rate of interest to attract prospective borrowers, due to stiff competition between bank or financial institutions.

It is always advisable to compare Lease Rental Discounting Loan (LRD) interest rates of different bank and financial institutions and chose the best one which suits your need.

OR

You may take an expert advice of LOAN ON PHONE professional consultants who will help you to choose best bank who offers you lowest rate of interest on Lease Rental Discounting Loan (LRD) with ZERO / nominal bank processing fees.

What are the other key factors to be considered before choosing best Lease Rental Discounting Loan (LRD)?

Before taking Lease Rental Discounting (LRD) loan it is advisable to consider following factors:

  • Loan Eligibility: Check your lease rental discounting (LRD) loan eligibility, that how much loan you can borrow from bank or NBFC and market value of the property. Loan eligibility of a borrower also depends upon so many other factors like age, income, cibil score, work profile, financial stability, market value of the property, loan to value (LTV) ratio etc.

  • Rate Of Interest: Before taking lease rental discounting (LRD) loan, check rate of interest offered by different bank or NBFC as it has a major impact on your EMI. If rate of interest is high then EMI is also high, so choose the bank which provides lower rate of interest so that EMI will not put extra loads on your business.

  • Loan Processing Fees: Bank or NBFC charges loan processing fees to process your lease rental discounting (LRD) loan application. There are two types of charges one is loan processing fees and the other is loan administration charges.

    Loan processing fee charges by the bank or NBFC to process your loan application, valuation of the property, legal verification of the property, residence verification, office verification, due-diligence of income documents and bank statement etc. It could be a fixed percentage of your loan amount or a fixed amount.

    Loan administration charges are taken by bank or NBFC to maintain your loan account after disbursement. Some bank or financial took upfront fees however some of them charged after sanction of the loan amount, so check loan processing charges of bank or NBFC deeply before applying for the loan.

  • Part Payment Charges: When borrower want to make some payment towards principal amount of lease rental discounting (LRD) loan, bank or NBFC may charge part payment charges from the borrower. It is advisable to read the terms and condition of your loan sanction letter and loan agreement carefully and make sure that it is not very high compared to market.

    If you apply through LOAN ON PHONE, our professional consultant will assist you in negotiating with the banks on rate of interest, loan processing fees, part payment charges, foreclosure charges etc.Sometimes we also offer exclusive loan scheme to our valued customers on behalf of the bank like nil processing fee or nil part payment or foreclosure charges.

  • Loan Foreclosure Charges: When borrower decided to close his lease rental discounting (LRD) loan before the completion of loan tenure or period. Bank or NBFC may levy 1% to 2% foreclosure charges on outstanding loan amount.

    If you apply through LOAN ON PHONE, our professional consultant will assist you in negotiating with the banks and may get ZERO foreclosure charges for you.

  • Lease Rental Discounting (LRD) Terms And Conditions: Bank or NBFC laid down several conditions related to balance transfer of lease rental discounting (LRD) loan to another lender, cheque bouncing charges, late payment charges, interest on late payment etc. It is advisable to read all the terms and conditions before choosing the best bank.

Why I should take Lease Rental Discounting (LRD) from loan on phone and how do we help?

Today internet is the source of information and there is a lot of information available about the Lease Rental Discounting (LRD) on internet and we have also tried to give you some information about Lease Rental Discounting (LRD) but the most important question is that Why I should take loan against property from LOAN ON PHONE and how do we help you in choosing best Lease Rental Discounting (LRD) ?

Almost all the banks or NBFC claims to offer you the best deal. Most of the people confused with the various offers and deal, so we are here to help you to choose the best loan against property.

About LOAN ON PHONE

LOAN ON PHONE is the one stop solution for all your financial needs. We are into this business for more than a decade. LOAN ON PHONE will analyze different loan offers and suggest you best deal on Lease Rental Discounting(LRD) Loan with great customer services. Our expert provides best deal on wide range of products to the customer to take right decision.

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