Shop and Lrd loan

Shop and Lrd Loan

  • What is Shop and Lrd Loan?
  • Shop and Lease Rental Discounting is a term loan that is offered against rental receipts and is availed by tenants against leased contracts. This advance provided to the lessee is based on the discounted market price of rentals and the underlying value of the property. You can go for LRD, in case you own a property that renders you fixed rentals..

  • Features
  • 1. Loan Amout - Shop and Lease Rental Discounts offer convenient access to considerable funding of Rs.10 Lakh to Rs.50 lakh.

    2. Approved Loan Tenure- Individuals can avail such advances for a maximum tenure of 11 years subject to the remaining lease period of the property in question.

    3. Flexi Loan Facility - Lease Rental Discounting offers individuals with the Flexi Loan facility under which you pay interest only on the funds utilised from the total sanctioned loan amount.

    4. Foreclosure Or Part-prepayment Facility - Low to no charges on the part-prepayment and foreclosure services that makes the advance more affordable.

  • KYC Documents
  • ID & Address Proof (Any One Required)

    • 1. PAN card (Mandatory, if income is considered for loan eligibility calculation)
    • 2. Valid Passport
    • 3. Voter ID card
    • 4. Driving license
    • 5. Aadhar Card

    Residence Proof (Any One Required))

    • 1. Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
    • 2. Ration card
    • 3. Letter from employer
    • 4. Bank statement /copy of Pass book reflecting address
    • 5. Valid Rent Agreement
    • 6. Sale Deed

  • Income Documents
  • Salaried Individuals

    • 1. Salary slips for the last 2 months or salary certificate*
    • 2. Cash Salary – Income details on Company Letterhead
    • 3. Copy of bank statements for the past 3 months (salary account)
      *If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.

    Self-Employed Professional

    • 1. Certificate of qualification for professionals : CA, Doctors or Architects
    • 2. Copy of last two years’ income tax returns, along with computation of income
    • 3. Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable.
    • 4.VAT or Service Tax returns or TDS Certificate
    • 5. Bank statement for the last 6 months (Savings account, current account and O/D account)

    Self-Employed Non Professionals

    • 1. Copy of your last two years’ income tax returns, along with computation of income
    • 2. Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
    • 3.VAT or Service Tax returns or TDS Certificate
    • 4. Bank statement for the last 6 months (Savings account, current account and O/D account)

  • Property Documents
  • Self-Employed Non Professionals

    • 1. Allotment letter from builder
    • 2. Agreement of Sale
    • 3. Registration and stamp duty receipt
    • 4. ndex- ii
    • 5. NOC from builder
    • 6. Own Contribution Receipt (OCR )
    • 7. All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
    • 8. Tripartite Agreement
    • 9. Partnership Deed
    • 10. Sale Deed
    • 11. Title Search Report
    • 12. NA order

    Note: Original documents are required for verification purpose only