Rental Deposit Loan

Rental Deposit Loan

Rental Deposit Loans for Tenants and Landlords

Rental Deposit Loans – For Tenants

Shifting to a new house? Get funds for the security deposit, brokerage, and advance rent on your new home quickly and easily, with rental deposit loans by Bajaj Finserv. With loans up to Rs.5 lakh and approval in just 5 minutes, you can avail the funds you need to lease a new house without delay.

Rental Deposit Loans – For Landlords

Planning to rent out your house? Command higher rent and security deposit on your renovated property, and earn more from it, with the help of rental deposit loans by Bajaj Finserv. Get funds up to Rs.5 lakh and approval in just 5 minutes, to renovate and furnish your house and make it more desirable to prospective tenants.

Rental Yield for Furnished vs. Unfurnished Houses

A furnished house that’s been freshly painted and refurbished fetches a higher rental yield than an unfurnished house. Take a look at the financial benefit of renovating your property before you put it on rent, in the table* below:

Parameters Property value Rent per month Rent per annum Rental yield Total rent for 5 years
Rental yield from unfurnished houses Rs.9,000,000 Rs.27.000 Rs.3,24,000 3.6% Rs.16,20,000
Rental yield from furnished houses Rs.9,000,000 Rs.32.000 Rs.3,84,000 4.3% Rs.19,20,000
Financial gain from renting out a furnished house Rs.3,00,000

*All charges given here are indicative. They may change based on the city of your residence.

  • High-value loan

    Get a loan up to Rs.5 lakh to cover the initial expenses of renting a house, including security deposit, advance rent, brokerage, relocation expenses, and furnishing expenses.

  • Quick processing

    Get security deposit funding quickly, with disbursal in 24 hours.

  • Minimal documentation

    Submit only minimal documents to avail quick a hassle-free loan for house rent deposit.

  • Doorstep service

    Get doorstep service for drafting and registering your rent agreement without having to do the legwork yourself. *This facility is currently available in Mumbai, Pune, and Bangalore.

  • Flexible tenors

    Get a flexible repayment tenor ranging up to 36 months, to suit your repayment capacity.

  • Flexi hybrid facility

    Get the unique flexi hybrid facility that lets you withdraw as much as you need from your sanctioned loan amount, as many times as you need. Pay interest only on the amount utilised, and get the option to pay just the interest amount as EMIs too.

  • Part-prepayment facility

    Part-prepay your flexi hybrid rental deposit loan whenever you have surplus funds, at no extra charge.

  • Value-added services

    Get a card protection plan to safeguard your credit and debit cards if your wallet is lost or stolen. Also get a finance fitness report that lets you know your current financial health and creditworthiness, plus customised insurance schemes to protect you financially, in case of unforeseen events.

How to Apply

Applying for a Bajaj Finserv Rental Deposit Loan is easy. Just follow 3 simple steps:

  • Apply online by filling out the application form here

  • View and confirm your loan offer

  • Submit your rent agreement

Once your rent agreement has been verified, the funds for the security deposit for your rental apartment will be disbursed in your bank account in 24 hours.