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Loan against Rent Receivables

Loan against Rent Receivables

If you own a commercial property in any prominent locality, enjoy the benefit of future rentals today itself. We are at your assistance offering loan against rent receivables

  • Features
  • How to apply ?
  • Documents Required
  • Repayment options
  • Rates and Fees
  • Competitive interest rate
  • Lower Margin required at 10% on the discounted value of net rent receivables
  • Higher loan eligibility -maximum at Rs.20 Cr and tenor up to 120 months
  • Flexibility in repayment mode
  • Eligible for Individuals/Firm/Company or any legal entity having assured rental/service/maintenance income from reputed Companies/Institutions/PSUs/Established Organizations including partnership firms/ Multinationals/ Other legal commercial entities.
  • Convenient types of loans- Demand loan, TL  or OD with diminishing DP

To avail the loan, you can choose any of these:

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card) 
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate) 
  • Bank Statement (latest 6 months bank) 
  • Last 2 Years ITRs (computation of income), audited Balance Sheet and Profit & Loss a/c
  • Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate) 
  • Copy of registered lease agreement/maintenance/Service agreements duly executed and acknowledged by lessor and lessee. (Original agreement shall be obtained and verified)
  • Copy of tax paid to local bodies/Tax assessment order, wherever applicable.
  • Any other document on a case to case basis.

Repayment of the loan is made as Equal Monthly Instalments/EMI/Graded.

You can use any one of the ways to repay the loan: