HDFC Loan against Rent Receivable – Interest Rates, Documents, Eligibility
Get flexible loans against the expected cash flows of rental revenue from your commercial property. Whether you need more funds to add to your current loan, to venture into a new business or fulfil a personal requirement, HDFC’s LARR is here to service your needs.
Benefits of HDFC Loan against Rent Receivable
- Tax Benefits
- Doorstep Service by HDFC Bank
- Speedy Processing
- Flexible offers
- Higher Loan eligibility
HDFC Loan Against Rental Receivables Documentation
The following documents are required along with your Loan Against Rental Receivables application:
- KYC Documents (Identity & Address Proof)
- Property Documents
- Leave and License agreement copy
- 12 months bank statement to which rentals are credited
How do I apply for a Loan Against Rent Receivables (LARR)?
You can apply for a Loan Against Rent Receivables in the following ways:
- Fill and submit in the Online Application Form and our representative will get in touch with you.
- Call on one of our PhoneBanking numbers provided on the website
- Visit your nearest HDFC Bank branch
- Our existing Liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for a LARR
What Property can be considered as collateral for LARR?
- Commercial Property be it Shops or Offices.
How much loan can be offered against my Property?
- Up to a maximum of 50%* of market value of your property. However this dependent on Net Rentals, balance tenure & other parameters.
What is the maximum tenure to repay the Loans Against Rental Receivables?
- 12 months to 48 months
