Owing to the rise of businesses in the country, there are several options available for loans in the Indian Debt Market. Lease rental discounting is one such loan. Despite the fact that rented property is a steady source of income, the providers of the loan are quite limited. Thus, The lease rental discounting loan acquire several purposes. That includes starting a new business, investing in another property, personal reasons, and others.
It is a term loan. The borrower gets this loan based on their income from the rented property. A major aspect that affects the LRD loan is the availability of rent receipts from the tenants or any other relevant proof of receiving rent. So, there are several other factors that matter when obtaining a lease rental discounting loan.
Learn more about What is LRD loan?
c. Loan Amount
d. Repayment of the Loan
The eligibility criteria for the loan differ from organization to organization. There are certain factors as well that will affect the eligibility criteria for the loan. A few of the general parameters are listed as follows:
At the time of application, there are a few things that must be kept in mind by the applicant. Some major pointers are listed as follows:
Applying for a LRD loan, requires several documents to the lending institution. These documents varies from case to case. A list of important documents is given as follows:
Note:The application must be signed by all the directors of the board if the loan is being taken for the firm.
Let’s understand How Terkar Capital executes LRD Funding Process from the case study.
The financial institutions that participate in providing such are plenty. However, what makes Terkar Capital stand out is the support and the hassle-free service that we have rendered over the years. We have successfully sanctioned lease rental discounting loans for the fitted candidates. Thus, supported the candidates throughout the process.