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Loan Against Rent Receivable @8.75% Onwards

• Simplified document processing • Doorstep assistance available • Flexible tenure period
Enquiry Form
Loan Against Rent Receivable
Bank Name Interest Rate Range (%) Processing Fee Foreclosure Charge
Axis Bank Ltd.
7.50%
1%
2% - 4%
Bank of Baroda
8.00%
1%
2% - 4%
Bank of India
8.35%
1 %
2% - 4%
Canara Bank
11.70%
1%
2% - 4%
Central Bank of India
10.10%
1 %
2% - 4%
LIC Housing Finance
8.00%
1%
2% - 4%
HDFC Bank Ltd
7.25%
0.50%
2% - 4%
ICICI Bank Ltd.
7.75%
1%
2% - 4%
IDFC First Bank
9.50%
1%
2% - 4%
7.20%
0.50%
2% - 4%
Indian Bank
8.80%
1%
2% - 4%
IndusInd Bank
9.00%
1%
2% - 4%
Kotak Mahindra Bank
7.25%
1%
2% - 4%
State Bank of India
10.70%
1%
2% - 4%
RBL Bank Ltd.
8.50%
1%
2% - 4%
Punjab National Bank
8.70%
1%
2% - 4%
Union Bank of India
9.80%
1%
2% - 4%
United Bank of India
10.75%
1%
2% - 4%
Bandhan Bank Ltd.
10.00%
1%
2% - 4%
YES Bank Ltd.
8.00%
1%
2% - 4%
HSBC Bank
7.50%
1%
2% - 4%
Edelweiss Finance
10.00%
1%
2% - 4%
Digibank (DBS)
9.00%
1%
2% - 4%
South Indian Bank Ltd.
10.70%
1%
2% - 4%
Indiabulls
9.50%
1%
2% - 4%
PNB Housing
9.00%
1%
2% - 4%
Standard Chartered Bank
7.50%
1%
2% - 4%
UCO Bank
9.40%
1.00%
2% - 4%
Bank Name Min Interest Rate
Axis Bank Ltd.

7.50%

Bank of Baroda

8.00%

Bank of India

8.35%

Canara Bank

11.70%

Central Bank of India

10.10%

LIC Housing Finance

8.00%

HDFC Bank Ltd

7.25%

ICICI Bank Ltd.

7.75%

IDFC First Bank

9.50%

7.20%

Indian Bank

8.80%

IndusInd Bank

9.00%

Kotak Mahindra Bank

7.25%

State Bank of India

10.70%

RBL Bank Ltd.

8.50%

Punjab National Bank

8.70%

Union Bank of India

9.80%

United Bank of India

10.75%

Bandhan Bank Ltd.

10.00%

YES Bank Ltd.

8.00%

HSBC Bank

7.50%

Edelweiss Finance

10.00%

Digibank (DBS)

9.00%

South Indian Bank Ltd.

10.70%

Indiabulls

9.50%

PNB Housing

9.00%

Standard Chartered Bank

7.50%

UCO Bank

9.40%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Loan against rent receivable Eligibility Criteria?

Have you rented your commercial property & looking to avail loan. Let your worry be aside, Loan against rent receivable allow you to get 50% - 60% of commercial property value as a loan amount. Minimal documentations are required which allow you to get hassle free loan.

Loan against rent receivable Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.

Eligibility Criteria for Self-Employed Individuals

  • • Age Limit of Self –Employed Individuals - 24 to 60
  • • Your commercial property must be rented out & receiving regular rent
  • • Property must be build following local government authority guidelines
  • • Must done proper rent or lease agreement

Note: - As a minimum loan amount you can avail 25 lacs to maximum loan amount of 200 Cr.

What are the factors generally affecting Loan against rent receivable Eligibility Criteria?

There are few factors that generally affects Eligibility Criteria as given below: -

Applicant age: - If you are 30 years old at the time of getting loan then you have enough time period to pay back the loan as your working days will be longer. But if you are near to your retirement age then you lose lowering your eligibility as you working days are very less to repay loan amount, hence lender will not prefer you give approval for loan.

Lower Income: - Your income indicates your repayment capacity. If you already having existing loan then, debt to income ratio will calculated by lender that you have enough capacity to repay another loan or not. So, it might lower chances.

What are the ways to increase Loan against rent receivable eligibility?

To increase Loan against rent receivable eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Add collateral: - Lender need trust from his/her applicant is capable to repay loan, in this scenario if you add your collateral/assets lender trust level increase that if applicant fails to pay back the loan amount, collateral is enough to auction to match the loan amount as it will your chances of loan approval.

Extra importance of payment: - As you know lender check your credit score to know your previous transaction history. Therefore, always give extra importance of payment while taking place in time or not. A clean & clear repayment indicate your sincerity of payment making on time.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. 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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