Lease Rental Discounting – Overview 

Lease Rental Discounting (LRD) is a loan against the rent receivables of a property. It allows property owners or tenants to unlock the financial potential of their property or rental lease by providing them with funds in exchange for the rent receivables.

A major aspect that affects the LRD loan is the availability of rent receipts from the tenants or any other relevant proof of receiving rent. Lease rental discounting (LRD facility) is one such loan. Even though the rented property is a steady source of income, the providers of the loan are quite limited.

The LRD loan amount depends on the monthly rental income generated by the property, and the borrower’s repayment capacity. With LRD loans, borrowers can get a higher loan amount as compared to traditional loans, which makes it an attractive financing option.

LRD loans can be used for various purposes such as expanding a business, renovating a property, or funding higher education.

Lease Rental Discounting – Eligibility

There are certain factors as well that will affect the eligibility criteria for the loan. A few of the general parameters are listed as follows:

• The income of the applicant should be stable.
• Age criteria:
  1. For salaried applicants: 21 to 60
  2. For self-employed applicants: 21 to 65
• Other liabilities that come along or that might occur in the case of loans taken by the individual or firms.

Lease Rental Discounting – Documents

• Aadhar Card
• PAN Card
• A completely filled-out application form for the loan.
• For Salaried Individuals:
  1. 3 to 6 months of salary slips.
  2. Income Tax Returns proof or latest Form No. 16.
  3. Bank statement for the last 6 months of the salary account.
• For Self-employed individuals and firms: 
  1. Business profile of the company.
  2. Memorandum of Association (MoA)
  3. Articles of Association (AOA)
  4. Partnership deed
  5. ITR of the company for the last 3 years
  6. Profit and loss statement
  7. CA certified balance sheets

How to apply

1. Visit our website : www.starpath.co.in
2. Click on the ‘Apply for Loan‘ button.
3. Fill in the application form with your details as required.
4. Submit your application.
5. Provide the necessary documents and information as requested.
6. The amount will be transferred to your bank account after verification of your eligibility and documents.