Lease Rental Discounting is a term loan that is offered against rental receipts and is availed by tenants against leased contracts. This advance provided to the lessee is based on the discounted market price of rentals and the underlying value of the property. You can go for LRD, in case you own a property that renders you fixed rentals. If you own a property, you are liable to earn fixed rentals from the same at regular intervals. With Lease Rental Discounting through Loan Against Property from Bajaj Finserv, you can now get a loan on the discounted value of rentals and the underlying property value.
Now that you know what is lease rental discounting check out its features and benefits -
LRD meaning Lease Rental Discounts offer convenient access to considerable funding of Rs.10 Crore to Rs.50 Crore.
Individuals can avail such advances for a maximum tenure of 11 years subject to the remaining lease period of the property in question.
Lease Rental Discounting offers individuals with the Flexi Loan facility under which you pay interest only on the funds utilised from the total sanctioned loan amount.
Low to no charges on the part-prepayment and foreclosure services that makes the advance more affordable.
Following are the lease rental discounting interest rate, fees and charges involved -
|Lease Rental Discounting Interest Rate Floating|
|Benchmark Rate (BR)||Prevailing BR||Loan Type||BR + Spread||Effective ROI (p.a.)|
|Institutional Reference Rate||13.70%||DF||FRR -2.70% to FRR +1.30%||11.00%* to 15.00%*|
|Institutional Reference Rate||13.70%||LRD||FRR -6.45% to FRR -0.70%||7.25%* to 13.00%*|
For a complete list of fees and charges, please click here.
Keep the following documents handy to avail an LRD loan after knowing what is a lease rental discounting and applying for the same –
Once you know what is LRD and the interest charges involved, you can go for this kind of loans as they are one of the preferred ways to generate funds via owned assets. All that you need to do is meet the following eligibility criteria –
|1.||Age||At least 25 years|
|3.||Property value||Minimum revenue generated via property is Rs.10 Crore|
You can calculate the EMI of your loan in advance and hence, be prepared for your impending financial structure across the tenure of the loan. Avail a Loan Against Property EMI Calculator and compute your monthly instalments based on the chosen tenure and loan amount.
After you know what is LRD loan, check out how you can apply for the same –
Visit the official site of your lender.
Fill in the appropriate application form.
Provide the required details.
Furnish essential documentation.
Avail an LRD and enjoy the benefits brought by it. You can also invest the funding so obtained in other investment schemes to gain attractive returns on it.
Lease Rental Discounting or LRD is a term loan that is offered against rental receipts that are derived from lease contracts of property. This loan offered is based on the underlying value of a property and the discounted value of rentals.
Lease Rental Discounting is considered to be a fixed income that is rendered across the tenure of this advance.
Along with understanding what is lease rental discounting, one also needs to know about its multiple borrower-friendly features –
Apart from these in-depth benefits characteristic to what is LRD loan, you can also enjoy a a hassle-free application procedure. An understanding of what is LRD is vital to help you approach the best lenders.
Now that you know what is a lease discounting for rental properties, keep essential documents handy and apply for one with ease.
Property owners who opt for lease rental discounting facility to avail loan against the rent received and property valuation are required to meet specific eligibilities. The basic lease rental discounting eligibility criteria you need to meet for this loan are as follows –
This facility operates through the same concept that frames the legalities of what is a lease. Thus, lease rental discounting or LRD allows the lender to treat the rented property as a leased one as per the LRD meaning.
With this understanding of what is LRD or what is lease rental discounting check out the features and benefits of availing this loan.
Avail the loan from Bajaj Finserv to enjoy competitive lease rental discounting interest rates.
With this knowledge of what is LRD loan, you can proceed to apply for it without any hassle.
Lease rental discounting offers a great option to raise funds through a rented property. Below are mentioned the lease rental discounting charges applicable on the loan.
Along with this information, you must also know what is a lease to have a clear idea of how it operates. Apart from understanding what is lease rental discounting or LRD, also check out the benefits it brings.
Within the LRD meaning, note that the discounted value of rents received should be 90% and property valuation up to 55% for commercial properties. Now that you know what is LRD loan, apply for it to enjoy maximum benefits.
Lease Rental Discounting from reputed lenders comes with attractive interest rates for an affordable repayment structure sans the unnecessarily financial burden. Additionally, with transparency in lease rental discounting interest rates, borrowers can calculate their EMIs in advance. It helps in the smooth management of their finances.
While a detailed idea about what is lease rental discounting helps borrowers decide upon their property to be leased out, knowing the lease rental discounting interest rates is also essential.
Before approaching a lender make sure to know what is LRD meaning and find out about the best lease rental discounting interest rates as well as other additional charges, viz. –
Knowing what is LRD and about its interest rates helps a lessee settle upon the best tenure for their loan. Now that you know what is LRD loan, apply for the same with a hassle-free application process.
The list of lease rental discounting documents consists of -
Once you know all about what is a lease rental discounting loan, furnish all the necessary lease rental discounting documents to avail its offered benefits.
Despite the host of lucrative features offered by this advance, make sure to approach a lender and settle upon it, only after knowing completely about –
Post conducting a thorough research on what is LRD loan and comparing lenders, choose the one that offers you with the most attractive benefits. After familiarising yourself with what is LRD, apply for it via a hassle-free application process.