It is another method to obtain finance from bank or other financial institute or lending institutes. Lease Rent Discount (LRD) consideration is between the borrower who owns the premises, the tenant who has rented the said premises or taken on lease and the bank or financial institute or Corporate. The rent is considered as fixed income over a stipulated time i.e. Lease or rent period or tenure. The agreement is between the borrower and lender and the major term of repayment is the rent which is directly deposited with the lender and not with the borrower. The Borrower is sanctioned a loan based upon the rent to be collected over the period of lease.
Who can avail a Lease Rent Discounting (LRD) loan?
Individuals
Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector company in India. We also offer loans to salaried Non Resident Indians (NRIs) working with reputed companies in select countries.
Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants and lawyers.
Self Employed: Individuals like traders, distributors, manufacturers, service providers etc.
Non-Individual Entities o Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited companies.
Contact us by filling out the form on the right of this page and outline your situation to us. We'll suggest ways you can restructure your finance to achieve most of the above benefits.
