LOANAGAINST RENT RECEIVABLES
Get up to 50% of the value of your commercial property as loan against rental receivables. Amount depends on net rentals, balance tenure of rental agreement and other factors.
Property is being built on the plan approved by respected department or government authorities.
The property is being rented out with documented agreement between the owner and the tenant.
Multiple Benefits: With this loan, you can enjoy attractive rates of interest and get extended loan tenure.
Higher eligibility: On your net rentals, you can enjoy higher eligibility and benefits from this loan.
Flexible product offerings: We help you to get customized loan products to suit your specific financial needs.
Frequently asked questions
Loan Against Rent Receivables
What is the Tenure of Loan Against Rent Receivables?
The tenure ranges from 12 to 108 months.
What Documents are required for Loan Against Rent receivables?
KYC Documents (Identity & Address Proof)
Leave and License agreement copy
12 months’ bank statement to which rentals are credited
Charges associated with LARR
How is LARR repaid?
• By way of ECS
• SI from the borrower's a/c with the Bank
Purpose of availing Loan Against Rent Receivables
These kinds of loans can be used instead of personal loans. Since your property is used by the bank as security against which you are given the loan, the interest rates tend to be lower than the rates for other types of loans, helping you save money in the long run.