Unlock rental value - get funded with LRD loan guidance!
Lease Rental Discounting Loan in Bangalore, India:
Are you a commercial property owner looking for funds without selling your property? Lease Rental Discounting (LRD) in Bangalore allows you to access a lump sum amount based on your rental income.
This solution enables you to unlock the financial potential of your leased property while retaining ownership. Whether you want to expand your business, fund a project, or meet personal goals, an LRD loan provides the flexibility you need.
How Lease Rental Discounting (LRD) Works?
Lease Rental Discounting offers a simple process to secure funds:
- Building as Collateral: The building serves as collateral; however, rental income is considered to determine the eligible loan amount while calculating loan eligibility based on rent receivable.
- Lenders Assess Tenant Credibility: Lenders evaluate the financial stability of your tenant and their history of timely payments.
- Rent Deposited in Escrow Account: Tenants won’t pay rent directly to the bank. Instead, the property owner and the bank will open an escrow account, where tenants will deposit the rent. The EMI will then be debited from this escrow account, ensuring smooth loan repayment.
- Discounted Loan Amount: Banks calculate the discounted value of your total rental income to determine the loan amount.
So, LRD method ensures you receive upfront funds without having to sell your valuable property, making it a win-win solution.
