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.
Businessmen - Professionals:
- Application form with photograph Identity and Residence proof
- Last 6 months’ bank statements
- Processing fee cheque
- 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
- Leave 6 License agreement copy
- 12 months bank statement to which rentals are credited
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