Overview
What is a LRD?
LEASE RENTAL DISCOUNTING is a term loan facility offered by financial institutions by charging the rental receipts as income. The cash inflows from leasing or renting the property are examined on long term basis and the loan eligibility amount is calculated. The loan is offered on discounted value of the future rentals. Only income generating assets and properties qualify for a LRD facility.
Features of LRD
LOAN TO VALUE RATIO
The Loan to Value ratio gives an estimate of what amount of loan the bank can provide against a property. 70% of the valuation is generally allowed by the banks.
UTILITY
The borrower can expand the business using the loan from LRD.
BALANCED CASH FLOWS
As the EMI is generally financed from the rentals received , there is no interruption in the regular cash flow from operations.
FLEXI LOAN FACILITY
Flexi loan facility i.e. paying interest only on the amount utilised from the amount sanctioned is available at certain financial institutions also.
Why Fourbridges?
Fast & Easy Process
Lowest Interest Rate
Minimum Documentation
Specialist Team Support
Nationwide Digital Presence
Both Offline & Online Process Advantage
Eligibility Criteria
Who Are Eligible For LRD?
Age
The minimum age is 21 years.
Nationality
Resident Citizen of India with no Criminal Record.
Income
The income from the lease rentals should be enough to support the EMI of your loan. The minimum limit is at the discretion of the lenders.
Property Valuation
The property which generates the lease rentals should form the primary collateral for LRD facility.
EMI Calculator
LRD EMI Calculator
How to apply for a LRD
Check Your Eligibility
Click On Apply Now
Fill In Personal And Financial Details
Submit Application
Document Required
List of Documents Required for LRD
You’ll be required to provide the documents required by the lender to demonstrate your suitability and eligibility to get an LRD. Before beginning the loans process, make sure you have the following documents on the ready to get a Loan early.
Photo Identity Proof
- Voter ID
- Passport
- Driving License
- Aadhaar Card
Proof of Residence or Address Proof
- Rent Agreement
- Bank Statement
- Ration card
- Passport
- Driving License
- Electricity Bill
- Property Tax Receipt
- Water Bill
- Telephone Bill
- Credit Card Bill
Age Proof
- Voter ID
- Passport
- Driving License
- Aadhaar Card
- Birth Certificate
- Secondary School Leaving Certificate
- Pension Payment Order or Receipt
- LIC Policy
Income Proof
- 6 months Bank statement
- 3 months Salary Slips
Employment Proof
- Employers Letter
- Identification Card
Income Tax
- Form 16
Photograph
- 3 Passport Size Photograph
Testimonials
FAQ's
Frequently Asked Questions(FAQ's)
The LRD interest rates starts at 8.5% per annum. The interest rates vary on type of property, loan amount, rental income, lessee profile etc.
The maximum loan term is 15 years.
Pre-payment charges may or may not apply, since the same depends on the terms and conditions.
It depends on the income eligibility and Loan to Value ratio. Loan to value ratio is the ratio of qualifying percentage of loan to be sanctioned against the value of property.
Penalty charges will apply.
You can apply online through our website.
You can also email us at info@fourbridgesloans.com or contact/whatsapp us at 9147300131.
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