Loan Against Rent Receivable


Loan Against Rent Receivable

We at ICICI Direct have multiple lending partners to offer options to choose form. If you have a commercial property that you have rented out? Get quick and easy loan against rental receivables through us.

  • Get up to 50% of the value of your commercial property as loan against rent receivables.
  • Amount depends on net rentals, balance tenure of rental agreement 6 other factors.
  • Property Type    Get loan against commercial property (Shop or office) leased to reputable establishments.
  • Get doorstep service
  • Enjoy minimal & simple documentation 6 speedy disbursal through leading lenders in the market.

Loan to Value:

Up to 85% of the rent to be considered for EMI inclusive of all charges.

Document Checklist:

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

Property Documents:

  • Leave 6 License agreement copy
  • 12 months bank statement to which rentals are credited

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