Lease Rental Discounting
Now, get a Lease Rental Discounting Loan from ICICI Bank at attractive interest rates, starting at 8.85% p.a.
Many people own commercial spaces and offer them on lease. Leasing such spaces has its own share of advantages, one of them, is being able to raise a Term Loan against the rental income received. Lease Rental Discounting (LRD) is a Term Loan offered against income-producing commercial assets/property. The LRD Loan works on the premise that your leased property derives fixed rent, which you can use as a ‘Collateral’ to generate funds, instantly.
Now, get a Lease Rental Discounting Loan from ICICI Bank at attractive interest rates, starting at 8.85% p.a.The LRD Loan is offered on the discounted value of future rentals, as well as taking into consideration, the underlying value of the property. Borrowers can use the loan amount for personal use or invest it for business expansion.
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Avail an Overdraft facility on the Lease Rental Discounting Loan
Enjoy a loan tenure up to 15 years on commercial properties and up to 10 years on specialised properties.
The funds can be used for personal or business concerns.
Pay monthly instalments easily, at affordable 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.
|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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Terms and Conditions apply.
If you want to apply for the Term Loan, you need to meet the following Lease Rental
Discounting Eligibility criteria:
Following are the Lease Rental Discounting fees and charges, to avail of the loan:
The Lease Rental Discounting Interest Rate starts from 8.85% p.a. The rate of interest varies, depending on the type of property, loan amount, rental income, lessee profile, etc.
No. The Lease Rental Discounting or LRD Loan is applicable only for commercial properties or specialised properties, such as warehouses, industries, schools, hotels, hospitals, banquet properties, marriage gardens, etc. If you yield rental income from any of these properties, you can avail an LRD Loan.
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