Lease Rental Discounting is a tool to acquire loans from banks using rental receipts as collateral. The bank will examine long-term cashflow and provide the loan based on the exact amount. This loan is then payable by the rents promised.
Criteria for availing Lease Rental Discounting:
One should be a resident of India and own some property they have rented commercially.
The LRD applicant must be between 18 and 70 when applying for a loan.
Good CIBIL or credit score shall be an added advantage