Loan against Rent Receivables
Here's more about loans against rental income on commercial properties
Do you have a Rental Commercial Property ?
Now you can secure a loan of up to 50% of the value of the commercial property (shop or office) on rent, in the form of a loan against rent receivables. The loan amount is decided by the bank on the basis of net rentals and balance tenure of the rental agreement, among other factors.
Documents Required for Loan Against Rent Receivables
- Leave & License agreement copy
- 12 months bank statement to which rentals are credited
Businessmen – Professionals
- Application form with photograph
- Identity and Residence proof
- Last 6 months bank statements
- Processing fee cheque
- Educational Qualifications Certificate and Proof of Business
- Business Profile and Previous 3 years Income Tax returns (self and business)
- Statement of previous 2 years of loans availed
- Previous 3 years Profit/Loss and Balance Sheet
Loan Against Rent Receivables FAQs
What is a Loan Against Rent Receivables (LARR)?
Loan Against Rent Receivables (LARR) empowers you to use your rentals cash flows at your advantage. Fulfil your professional or personal loan requirement against your rent receivables.
Who do I calculate my loan eligibility?
Refer to Eligibility Calculator
What are the features & benefits associated with Loan Against Rent Receivables (LARR)?
Get upto 50% of the value of your commercial property as loan against rent receivables. Amount depends on net rentals, balance tenure of rental agreement & other factors. Property Type – Get loan against commercial property (Shop or office) leased to reputable establishments. Get doorstep service Enjoy minimal & simple documentation & speedy disbursal through leading lenders in the market.
How much loan amount I will get?
Get upto 50% of the value of your commercial property as loan against rent receivables. Amount depends on net rentals, balance tenure of rental agreement & other factors.
What are the documents required for a Loan Against Property?
Refer to Documents Checklist