Part prepayment and foreclosure facility | Loan up to Rs. 50 crore

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Lease Rental Discounting

Lease Rental Discounting Frequently Asked Questions

What is the minimum and maximum loan amount that I can get from Bajaj Finserv?

We offer loan in corporate Lease Rental Discounting from Rs. 10 cr to Rs. 50 cr.

How do you determine the loan eligibility?

We consider the following factors to determine eligibility:
Valuation of property (Fair market value) – up to 55% of the value of the commercial property
Existing rental from the property being mortgaged – up to 90% of the net rental receipts

If a property is jointly owned by an individual and his/her relatives, can he/she take a loan against this property?

All the co-owners of the considered property need to come in as co-applicants to the loan.

What will be my approved tenure for my Corporate LRD Loan?

The loan can be availed for max tenure of 11 years subject to the residual lease period.

How can I repay my Loan?

Your EMI will be debited from the ESCROW account where the rental amount will be deposited by your lessee.

On what basis does the internal FRR change?

Internal FRR is the benchmark reference rate. This is determined based on the market conditions and the cost of funds for the company. This changes, depending on various external factors and economic conditions.

How often do Interest rates change?

As per our re-pricing policy, interest rates are reviewed every two months and a decision is taken whether to change the interest rates or keep it unchanged.

I have taken a loan just one month back. How does change in interest rates work for me?

As per our internal pricing policy re-pricing policy, interest rates will be changed only for those cases which are at least 3 months old. In your case, change in FRR will not have an immediate impact on interest rate of your loan. However once your loan is 3 months old, any changes in FRR in last 3 months will change your effective rate basis the margin on your loan.

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