Top 10 Lease Rental Discounting Loan in Kolkata

Introduction

Lease Rental Discounting (LRD) loans are a popular financing option for property owners in Kolkata seeking to leverage their rental income. This article explores the top 10 Lease Rental Discounting loan in Kolkata and provides insights into securing the lowest rate of interest.

Factors Affecting Interest Rates for the Top 10 Lease Rental Discounting Loan in Kolkata

  • Credit Score:

Borrowers’ credit scores significantly influence the interest rates offered. A higher credit score often leads to lower interest rates

  • Loan Tenure:

The duration of the loan can impact the interest rates. LRD loan tenure typically ranges from 1 to 15 years, and longer tenures may affect the interest rates

  • Property Type and Location:

The type and location of the commercial property can affect the interest rates. Properties in prime locations may attract lower interest rates

  • Lender’s Policies:

Different lenders may have varying interest rate structures based on their internal policies and risk assessments

  • Borrower’s Financial Profile:

The financial stability and profile of the borrower, including income, existing liabilities, and business stability, can influence the interest rates offered

  • Rental Income Stability:

The stability and quality of the rental income stream from the property can impact the interest rates

Top 10 Lease Rental Discounting Loan in Kolkata

ProviderRating
Fair Finance4.7249
The Corporate Financial Services5.07
Indexia FinanceNot specified
PNB Housing FinanceNot specified
J D SalesNot specified
M K Ventures4.9
My Loan Buddy1.7
Mahalaxmi Consultancy-Loan Facilitator4.9
Credit Cares4.9
KreditDeals4.9

Eligibility Criteria for Availing Top LRD in Kolkata

  • Age Criteria:

The applicant must be 21 years or above but not more than 60 years in the case of a salaried person and 65 years in the case of self-employed individuals.

  • Property Ownership:

The borrower must possess a property leased to a known brand, corporate, public sector undertaking, government, semi-government, or multinational company

  • Lease Agreement Period:

The lease period is a critical factor, with banks typically providing loans for properties with lease periods of 5 to 10 years.

  • CIBIL Score:

A good credit score, usually a CIBIL score of 700 or above, is preferred for loan approval

  • Income Source:

The loan is available for salaried individuals, self-employed professionals, and various types of companies and firms

  • Documentation:

The applicant needs to provide necessary documents such as lease agreements, income tax returns, balance sheets, and bank statements.

Conclusion

Lease Rental Discounting (LRD) is a financial instrument that provides significant benefits for lessors. Understanding its concept, benefits, and process is crucial for maximizing its potential. By leveraging LRD, lessors can secure a steady income stream, enhance liquidity, and mitigate risks effectively.