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Proof of Identity and Residence

  • Aadhaar Card, PAN Card, Passport, Driving Licence. PAN Card issued in India is no longer considered a valid proof of identity.

Proof of Income

  • Income documents (Financial & ITR) not required
  • Last 6 months’ Bank Account Statements, having rental credit
  • Last 6 months’ Bank Account Statements, for all other operating bank accounts.


  • Lease Agreement papers
  • Duly signed Application Form
  • Photographs.


Lease Rental Discounting Related FAQs

Lease Rental Discounting is categorised as a Term Loan that allows you to secure a loan using rental receipts as collateral. Tenants can easily apply for a loan against the rental income received from lease contracts. If you own a property and there is a prospect of fixed rentals for the long term, you can be eligible for the Lease Rental Discounting or LRD Loan.

If you want to apply for the Term Loan, you need to meet the following Lease Rental

Discounting Eligibility criteria:

  • Any Resident Indian or NRI can apply for the loan
  • Any salaried individual working in the Public or Private Sector, can apply for the Lease Rental Discounting
  • Any self-employed professionals, including doctors, lawyers, chartered accountants, consultants, architects, can also apply
  • Self-employed non-professionals like traders, manufacturers, distributors
  • Any Public or Private Limited Companies, Partnership Firms, or Proprietorship firms, can apply for the LRD Loan.

Following are the Lease Rental Discounting fees and charges, to avail of the loan:

  • If you avail an LRD Loan, you are required to pay a Loan Processing Fee / Renewal charges of 2% plus applicable taxes 
  • Administration charges will be Rs 5,000 or 0.25% of the Loan Amount plus Applicable Taxes, whichever is lower
  • If you are pre-paying the loan amount any time after 6 months, from the date of the disbursement of the loan, you will have to pay pre-payment charges at the rate of 4% plus applicable taxes. 

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.

The maximum loan term for the Lease Rental Discounting is 15 years. For specialised properties, the Lease Rental Discounting loan tenure is 10 years.

To apply for the loan, you need to submit the Lease Rental Discounting documents that are as follows:

  • Proof of ID – PAN Card, Aadhaar Card, Passport, Driving License
  • Proof of Income – Last 3 years’ ITR and Balance Sheet Account Statements, last 3 years’ Profit and Loss Account Statements, last 6 months’ Current Account Statements having rental credits, last 6 months bank statements of all other operating accounts
  • Proof of Property – Copy of the Leased Agreement.