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ICICI Bank Lease Rental Discounting

Leverage your property rental receipts to meet business and personal goals.

With Lease Rental Discounting, you can utilise rent received from your commercial property or Select property, such as Warehouse, Industrial, Hotel, School, Hospital, Banquet Property and Marriage Gardens, to avail of loan for your business, working capital or personal needs. Balance Transfer facility also available.

Moreover, there is no additional outflow of money as Equated Monthly Instalment (EMI) is recovered directly from the rent.

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Prominent features:


Overdraft facility available	Loan Tenure	Flexibility in use of funds	Easy EMI payment
Pay interest only on the funds you use	Upto 15 years	Funds can be used for business, education, marriage, etc.	EMI is deducted directly from the rent

The eligibility criteria for you to avail ICICI Bank Lease Rental Discounting depends on the following factors:

Loan type	Lease Rental Discounting or Overdraft
Loan Amount	Rs 10 lakh – Rs 3 Cr
Loan Tenure	15 years*
Eligible profiles	Salaried & Self-Employed
Minimum Lease Period	3 years
Repayment Mode	Escrow Account

Lease Rental Discounting Interest Rates

Loan Amount/Bureau Score	>750	700-750	NTC	<700
<=50 Lacs	RR + 4.85% (8.85%)	RR + 5.25% (9.25%)	RR + 5.25% (9.25%)	RR + 5.50% (9.50%)
50-100 Lacs	RR + 4.60% (8.60%)	RR + 5.00% (9.00%)	RR + 5.00% (9.00%)	RR + 5.25% (9.25%)
>100 Lacs	RR + 4.35% (8.35%)	RR + 4.75% (8.75%)	RR + 4.75% (8.75%)	RR + 5.00% (9.00%)

Note:Priority Sector Lending (PSL) & Non Priority Sector Lending (Non PSL)

Repo Rate (RR) is 4.00% as on April 7, 2021.

Lease Rental Discounting Fees & Charges

Loan type	Lease Rental Dscounting
Loan Processing Charges / Renewal Charges	2.00 % + AT*
Administrative Charges	Rs. 5000 + AT* or 0.25% * Loan Amount + AT (whichever is lower)
Prepayment Charges	4.00 % + AT*

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Frequently Asked Questions (FAQs)

Can I avail of this loan against the rent from a residential property?

No, Lease Rental Discounting (LRD) can be offered only against the rent received from a commercial property.

What is the tenure which can be offered for LRD?

The maximum tenure we offer is up to 15 years. However, the actual tenure offered will depend on the remaining lease tenure as per your lease agreement with the lessee.

What is the maximum amount of overdraft which can be funded?

Up to 90% of the loan amount can be offered as an overdraft and the remaining amount will be a term loan. EMI is payable on the term loan amount and on the overdraft limit, you need to pay interest due based on the monthly utilisation.

What type of documents pertaining to the lease do I need to submit?

For assessing the lease, copies of the executed lease agreement and bank statement reflecting the rental credits have to be provided additionally, along with other documents as required for the loan application.

Need Assistance?

Leave your details or give missed call to below number and we will get back to you

Missed call number 9022499400

Email us : customer.care@icicibank.com