Lease Rental Discounting, also known as LRD, is a Term Loan offered against any income-generating commercial asset or property. The LRD Loan works on the premise that the borrower’s leased property derives fixed rent, which they can use as a collateral to generate funds instantly.
Loan amount | Up to 80% of the total future rent receivable |
Tenure | Up to 18 years |
Rate of interest | 7.75% p.a. onwards |
Procesing fee | As per bank's norms |
Foreclosure charges | Up to 5% + applicable taxes |
Nature of facility | Droplie Overdraft or Term Loan |
Time of disbursement | 15 days |
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Additional Info: Also check SBI Home Loan EMI Calculator
The LRD rate of interest can be floating or fixed in nature. The LRD rates are highly affordable unlike unsecured loans. Currently, the rate of interest varies from lender to lender and starts from 7.75% p.a. onwards.
Additional Info: You can also check Best Home Loan Interest Rates
Additional Info: You can also Check Banglarbhumi West Bengal Land Record
Additional Info: Also check DDA Housing Scheme
Additional Info: Also check AnyRoR Gujarat Land Record
Calculating the LRD loan EMI is easy. You can use the Lease Rental Discounting Loan EMI Calculator to calculate your loan EMI. All you need to do is open the calculator available online and enter a few details, i.e. the loan amount required, repayment tenure, and the rate of interest on the loan.
Additional Info: Also check Union Bank of India Balance Check Number 2022
Follow the steps mentioned below to apply for Lease Rental Discounting loan:
Additional Info: Also check Pan Number for Banks
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Lease Rental Discounting, also known as LRD, is a Term Loan offered against any income-generating commercial asset or property. The LRD Loan works on the premise that the borrower’s leased property derives fixed rent, which they can use as a collateral to generate funds instantly.
The LRD loan is offered for a maximum tenure of up to 18 years, depending on the policies of the lending bank.
Applying for a LRD loan along with a co-applicant is not mandatory. However, you will need a co-applicant if your income or credit score is low.
LRD loan foreclosure charges can varye between 0% to 5% + applicable taxes, depending on the bank’s norms and foreclosure duration.