What is lease rental discounting?
Lease Rental Discounting (often shortened to LRD) is a term loan that is offered against properties that generate rental income. With this financial option, property owners can avail higher financing against rental receipts. You can opt for this option if you own a property that supplements you with fixed rental income.
Lease rental discounting FAQs
You can access funds ranging from Rs. 10 lakh to Rs. 31.50 crore.
Your eligibility depends upon the valuation of the property and the existing rental from it.
Yes, all owners must jointly apply for the loan approval.
You can pay over a tenor of up to 15 years subject to the residual lease period.
We deduct the payment from the ESCROW account, where the lessee has deposited the rent.
The benchmark reference rates fluctuate with market conditions and the cost to the company based on external factors and the economy.
We review interest rates every two months, as per the Bajaj Finserv re-pricing policy.