loan against rent receivable

LEASE AGREEMENT

LEASE RENT ASSISGMENT

PERIOD OF LOAN

LESSEE NORMS

ELIGIBILITY NORMS

TITLE DOCUMENTS

CREDIT HISTORY

CIBIL SCORE

PROPERTY TYPE

Bank Name	Interest Rate Range (%)	Processing Fee	Foreclosure Charge
Axis Bank Ltd.	7.50% - 8.50%	1%	2% - 4%
Bajaj Finance Limited	8.25% - 9.25%	1%	2% - 4%
Bandhan Bank Ltd.	10.00% - 11.00%	1%	2% - 4%
Bank of Baroda	8.00% - 10.00%	1%	2% - 4%
Bank of India	8.35%-9.35%	1 %	2% - 4%
Canara Bank	11.70% - 12.00%	1%	2% - 4%
Central Bank of India	10.10% - 12.10%	1 %	2% - 4%
Citi Bank	7.20% - 8.00%	0.50%	2% - 4%
Digibank (DBS)	9.00% - 10.50%	1%	2% - 4%
Edelweiss Finance	10.00% - 13.00%	1%	2% - 4%
HDFC Bank Ltd	7.25% - 8.00%	0.50%	2% - 4%
HSBC Bank	7.50% - 8.50%	1%	2% - 4%
ICICI Bank Ltd.	7.75% - 8.75%	1%	2% - 4%
IDFC First Bank	9.50% - 10.00%	1%	2% - 4%
Indiabulls	9.50% -11.50%	1%	2% - 4%
Indian Bank	8.80% - 9.85%	1%	2% - 4%
Indusind Bank	9.00% - 12.50%	1%	2% - 4%
KOTAK MAHINDRA BANK	7.25% - 8.25%	1%	2% - 4%
LIC Housing Finance	8.00% - 10.00%	1%	2% - 4%
PNB Housing	9.00% - 10.00%	1%	2% - 4%
Punjab National Bank	8.70% -9.80%	1%	2% - 4%
RBL Bank Ltd.	8.50% - 10.50%	1%	2% - 4%
South Indian Bank Ltd.	10.70% - 11.00%	1%	2% - 4%
Standard Chartered Bank	7.50% - 8.0%	1%	2% - 4%
State Bank of India	10.70% - 11.00%	1%	2% - 4%
UCO Bank	9.40% - 10.00%	1.00%	2% - 4%
Union Bank of India	9.80% - 10.80%	1%	2% - 4%
United Bank of India	10.75%- 11.75%	1%	2% - 4%
YES Bank Ltd.	8.00% - 10.00%	1%	2% - 4%

Bank Name	Key Features
Axis Bank Ltd.	Interest rate 7.50% - 8.50% Fore closure charge 2% - 4%
Bajaj Finance Limited	Interest rate 8.25% - 9.25% Fore closure charge 2% - 4%
Bandhan Bank Ltd.	Interest rate 10.00% - 11.00% Fore closure charge 2% - 4%
Bank of Baroda	Interest rate 8.00% - 10.00% Fore closure charge 2% - 4%
Bank of India	Interest rate 8.35%-9.35% Fore closure charge 2% - 4%
Canara Bank	Interest rate 11.70% - 12.00% Fore closure charge 2% - 4%
Central Bank of India	Interest rate 10.10% - 12.10% Fore closure charge 2% - 4%
Citi Bank	Interest rate 7.20% - 8.00% Fore closure charge 2% - 4%
Digibank (DBS)	Interest rate 9.00% - 10.50% Fore closure charge 2% - 4%
Edelweiss Finance	Interest rate 10.00% - 13.00% Fore closure charge 2% - 4%
HDFC Bank Ltd	Interest rate 7.25% - 8.00% Fore closure charge 2% - 4%
HSBC Bank	Interest rate 7.50% - 8.50% Fore closure charge 2% - 4%
ICICI Bank Ltd.	Interest rate 7.75% - 8.75% Fore closure charge 2% - 4%
IDFC First Bank	Interest rate 9.50% - 10.00% Fore closure charge 2% - 4%
Indiabulls	Interest rate 9.50% -11.50% Fore closure charge 2% - 4%
Indian Bank	Interest rate 8.80% - 9.85% Fore closure charge 2% - 4%
Indusind Bank	Interest rate 9.00% - 12.50% Fore closure charge 2% - 4%
KOTAK MAHINDRA BANK	Interest rate 7.25% - 8.25% Fore closure charge 2% - 4%
LIC Housing Finance	Interest rate 8.00% - 10.00% Fore closure charge 2% - 4%
PNB Housing	Interest rate 9.00% - 10.00% Fore closure charge 2% - 4%
Punjab National Bank	Interest rate 8.70% -9.80% Fore closure charge 2% - 4%
RBL Bank Ltd.	Interest rate 8.50% - 10.50% Fore closure charge 2% - 4%
South Indian Bank Ltd.	Interest rate 10.70% - 11.00% Fore closure charge 2% - 4%
Standard Chartered Bank	Interest rate 7.50% - 8.0% Fore closure charge 2% - 4%
State Bank of India	Interest rate 10.70% - 11.00% Fore closure charge 2% - 4%
UCO Bank	Interest rate 9.40% - 10.00% Fore closure charge 2% - 4%
Union Bank of India	Interest rate 9.80% - 10.80% Fore closure charge 2% - 4%
United Bank of India	Interest rate 10.75%- 11.75% Fore closure charge 2% - 4%
YES Bank Ltd.	Interest rate 8.00% - 10.00% Fore closure charge 2% - 4%

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Customer Support

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Documents Required

Individual
Prop Firm
Partnership Firm-LLP
PVT. LTD.

Photographs 2
PAN Card Copy
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR.
ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP

PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
FIRM ADD PROOF- LATEST ANY UTILITY BILL.
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST Return last 1 years
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
Agreement To Sell copy
PROPERTY PAPERS COMPLETE CHAIN WITH MAP

ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
ADDRESS PROOF – COMPANY AND DIRECTORS.
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM
ORDER IN HAND AND COMPLETE COPY (if applicable)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

Frequently Asked Questions

How should I apply for a duplicate NOC/ closure letter?(Loans Against Rental Receivables)

We request you to visit our nearest Retail Asset Branch along with a written request for a duplicate No Objection Certificate (NOC) and your photo identity proof.

What Property can be considered as collateral for LARR?

You can provide Commercial Property (Shops & Offices) leased to reputed lessees as collateral for a Loan Against Rent Receivables.

How much loan can be offered against my Property?

A Loan Against Rent Receivables can be extended up to a maximum of 50%* of market value of your property. However this dependent on Net Rentals, balance tenure & other parameters.

What is the maximum tenure to repay the Loans Against Rental Receivables?

A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.

How do I apply for a Loan Against Rent Receivables (LARR)?

You can apply for a Loan Against Rent Receivables in the following ways:

Fill and submit in the Online Application Form and our representative will get in touch with you.
Call on one of our Phone Banking numbers provided on the website
Visit your nearest HDFC Bank branch
Our existing Liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for a LARR

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