Lease Rental Discounting


Get answers to the commonly asked questions

Who can avail a Lease Rent Discounting (LRD) loan?

1. Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector company in India. We also offer loans to salaried Non Resident Indians (NRIs) working with reputed companies in select countries.
2. Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants and lawyers.
3. Self Employed: Individuals like traders, distributors, manufacturers, service providers etc.
Non-Individual Entities
1. Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited companies.

How much finance can I avail against the property value?

You can borrow up to 70 % of the market value of your property subject to your income eligibility.

I do not have documented financials but I do have the repayment capacity, will I get a loan?

Your eligibility is computed on the basis of the rentals that you receive against the property. Your EMI can be up to 70% of the gross rental income or 90% of the net rental income whichever is lower.

For how long a period can I get loan?

We grant Lease Rent Discounting (LRD) from minimum 3 years to maximum 10 yrs. The term for the loan will be restricted to the retirement age or 60 yrs at loan maturity for salaried customers and 65 years for self employed customers.

Do I need a co-applicant?

Yes. All the co - owners of your property will have to sign up as co-applicants. For a sole property owner or applicant, one adult member in the family will need to sign up as a co- applicant. In case of partnership firm or a company, partners and promoter directors respectively need to be co-applicants.

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