Piramal Housing Finance Limited
Lease Rental Discounting
Lease Rental Discounting (LRD) is a financial product offered by Piramal Housing Finance Limited that allows property owners to avail a loan against the rent received from their property. This product is especially useful for commercial property owners who receive regular rental income.
Features of Lease Rental Discounting:
- Loan Amount: Borrow up to a certain percentage of the total rent receivable from the property.
- Tenure: Choose a repayment tenure that suits your financial needs.
- Competitive Interest Rates: Enjoy competitive interest rates on your LRD loan.
- Quick Processing: Get your loan processed quickly and efficiently.
Eligibility Criteria:
To be eligible for Lease Rental Discounting from Piramal Housing Finance Limited, you must meet the following criteria:
- Property owners with a regular rental income from commercial properties.
- Minimum rental income threshold as required by the lender.
- Good credit history and financial stability.
Documents Required:
- Property documents
- Income proof
- Bank statements
- Identity proof
How to Apply:
To apply for Lease Rental Discounting from Piramal Housing Finance Limited, follow these steps:
- Visit the official website of Piramal Housing Finance Limited.
- Fill out the online application form with your details and loan requirements.
- Submit the required documents for verification.
- Wait for the approval and disbursement of your loan amount.
For more information on Lease Rental Discounting from Piramal Housing Finance Limited, contact their customer service team or visit their nearest branch.
Piramal Housing Finance Limited - Lease Rental Discounting FAQs
What is Lease Rental Discounting?
Lease Rental Discounting is a financial product offered by PHFL where the rental income from a commercial property can be discounted and a loan can be availed against it.
What are the eligibility criteria for Lease Rental Discounting with PHFL?
The eligibility criteria may vary, but generally, the property should be commercially leased out to reputed tenants with a lease tenure of at least 3 years remaining.
What is the maximum loan amount that can be availed through Lease Rental Discounting with PHFL?
The maximum loan amount can be up to a certain percentage of the discounted value of the future rentals, as determined by PHFL.
What are the documents required for availing Lease Rental Discounting with PHFL?
The documents required may include property documents, lease agreements, income proof of tenants, and any other relevant documents as requested by PHFL.
What is the tenure of the loan for Lease Rental Discounting with PHFL?
The tenure of the loan may vary, but generally, it can range from 3 to 15 years, depending on the terms agreed upon with PHFL.
Is there a prepayment option available for Lease Rental Discounting with PHFL?
Yes, there may be a prepayment option available, but it is best to check with PHFL for the terms and conditions related to prepayment.
How can I apply for Lease Rental Discounting with PHFL?
You can contact PHFL directly or visit their website to know more about the application process and submit your details for further assistance.
