Loan Against Rent Receivables
Do you have a commercial property that you have rented out? Get quick and easy loan against rental receivables through ICICI
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Features & Benefits
- Get upto 50% of the value of your commercial property as loan against rent receivables.
- Amount depends on net rentals, balance tenure of rental agreement & other factors.
- Property Type – Get loan against commercial property (Shop or office) leased to reputable establishments.
- Get doorstep service
- Enjoy minimal & simple documentation & speedy disbursal through leading lenders in the market
Documents Checklist
Property Documents
- Leave & License agreement copy
- 12 months bank statement to which rentals are credited
Businessmen – Professionals
- Application form with photograph
- Identity and Residence proof
- Last 6 months bank statements
- Processing fee cheque
Income Documents
- Educational Qualifications Certificate and Proof of Business
- Business Profile and Previous 3 years Income Tax returns (self and business)
- Statement of previous 2 years of loans availed
- Previous 3 years Profit/Loss and Balance Sheet
LARR FAQs
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What is a Loan Against Rent Receivables (LARR)?
Loan Against Rent Receivables (LARR) empowers you use your rentals cash flows at your advantage. Fulfill your professional or personal loan requirement against your rent receivables.
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Who do I calculate my loan eligibility?
Refer to Eligibility Calculator
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What are the features & benefits associated with Loan Against Rent Receivables (LARR)?
Get upto 50% of the value of your commercial property as loan against rent receivables. Amount depends on net rentals, balance tenure of rental agreement & other factors. Property Type – Get loan against commercial property (Shop or office) leased to reputable establishments. Get doorstep service Enjoy minimal & simple documentation & speedy disbursal through leading lenders in the market.
- How much loan amount I will get?
Get upto 50% of the value of your commercial property as loan against rent receivables. Amount depends on net rentals, balance tenure of rental agreement & other factors.
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What are the documents required for a Loan Against Property?
Refer to Documents Checklist
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