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