LRD Loan​

LRD Loan

Fund Source India offers LRD Loans for clients who are getting rent receivables through a self-owned property & now want to monetize the rent receivables for their personal or business requirements. Our loan services start from a minimum of Rs.1 crore to a maximum of any highest amount required and are available in all major cities of India. Our objective is to provide comprehensive loan Services to enable our clients with the availability of funds to excel in their business & manage their finances in a better way. 

So if you are looking to explore the true potential of your rental property, then look no further, just contact us to avail our best-in-class Loan Services.

What is an LRD Loan?

LRD Loan is a loan facility that is raised against the collateral property that generates the fixed monthly rental income to its owner and the loan is secured by the mortgage of the same property & monthly rent receivables. The offered property can be a Residential/commercial or even an industrial property but must be generating a fixed rental income.

Types of LRD Loan

  • Loan Against Leased Property: People having leased out property are eligible for a loan. The repayment of this new loan will be secured by the monthly lease coming from the property and the property serves as collateral security of the loan.
  • Loan Against Rent Receivables: People who are getting monthly rent receivables from their self-owned property can get a loan against the rent receivables. Monthly rentals are considered the client’s regular income through which he is eligible for a loan secured by rental receivables and property. The loan amount is offered according to the rent receivables per month.
  • Loan Against Rental Property: Rental property is always considered as the source of bulk or emergency funding for the owner as the income of rental property attracts bankers and NBFCs for extending loan products. Loans against rental property are considered one the safest loans in the industry which are secured by monthly rentals and property as collateral.

Who is eligible for LRD Loan?

The following are the eligibility criteria:

  • Must be an Indian Citizen
  • Must have a self-owned Residential, commercial, or Industrial property 
  • The property must be generating fixed monthly rental Income
  • Monthly rental income must be secured by a registered Lease Agreement between both parties
  • Rental must be credited through bank transfer
  • Must have a longer lease period agreement preferably five or more than five years
  • Tenants & Owner must support the repayment through ESCROW mechanism

Key Features

  • Available in PAN India
  • Loan starting from Rs.1 crore to any required amount
  • Preference is given to the Same rental property required as collateral
  • No more heavy documentation is required
  • Loan Tenor given as per rental receivable durations
  • A previous loan can also be taken over with loan enhancement
  • Loan can be used for personal or business expansion purposes

Lease Rental Discounting Loan

Lease Rental Discounting Loans are raised against monetization of monthly rent receivable which is secured by the same collateral property & rent receivable secures the repayment of the loan. This loan can be used for personal or business needs. We offer loans in this category as per the requirement of multiple clients with different financial profiles.

We also offer our services to a client whose CIBIL rating is badly affected due to current or past loan repayments. In such a scenario, no conventional bank or NBFC extends their services in spite of good monthly receivables and sound property available.

Lease Rental Loans with Bad Credit

We offer exclusive loan services for clients having issues with CIBIL scores due to past issues in loan repayments or issues in current loan repayments, until the client is not a willful defaulter. This loan service is available in all major cities of India and loan amount starts from Rs.1 crore to any amount required.

Benefits of Our Services

  1. Shorter approval Time: Our loans can be obtained relatively quickly compared to traditional financial products, making them ideal for time-sensitive situations.
  2. Flexibility: We offer a flexible repayment schedule. Borrowers can discuss and negotiate with the lenders towards the repayment period & repayment method like as EMI or repayment schedule which suits their monthly rental deposits.
  3. Usefulness: Bridge loans deliver funds at the very right time so that clients can take advantage of discounts or concessions available for that particular time.
  4. Achieving a long-term Financial goal: These loans prove to be helpful for achieving long-term financial income generation goals. This loan helps in creating infrastructure for developing upcoming rental units or premises, which generates income in the future.
  5. Solution for Poor credit rating: Borrowers with credit rating issues due to some past or current loan can also avail of our loans.

Why Choose Us?

  • Expert Consultation: Reach out to us with your rentals & collateral details.
  • Proper Assessment: Our experts analyze your requirements and suggest suitable financing options.
  • Tailor Made Solutions: We tailor a financing plan that aligns with your current financial situation and budget.
  • Application Submission: Submit your application along with the necessary documents.
  • Quick Approval: Our team reviews your application and grants approval quickly.
  • Disbursement: Once approved, funds are disbursed as per the agreed-upon terms.

Client Testimonials

“Due to covid-19, our business was greatly impacted and ultimately shut down, so we lease out our factory premises. Fund Source India helps us raise a timely loan against our factory rent receivable.” – Karunakar, CFO – Vishwanath Spinner – Hyderabad

“We are getting good rentals, but due to some past cibil issues, no bank was ready to grant us a loan. But Fund Source India helps us in getting a loan for our business” Thanks, Vineet Kumar – K.Murli – Chennai 

Ready to Take the First Step?

Don’t let financial burdens hold you back. Contact us today to schedule a consultation and take the first step towards a debt-free future.

Reach out to Vineet Kumar, our Financial Expert, at +91 9810218215 or Connect with Vineet on LinkedIn to stay updated with expert insights.

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