{"id":4347,"date":"2022-04-14T10:23:54","date_gmt":"2022-04-14T10:23:54","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4347"},"modified":"2022-04-14T10:23:54","modified_gmt":"2022-04-14T10:23:54","slug":"loan-against-rent-receivable-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/","title":{"rendered":"Loan against Rent Receivable \u2013 All you need to know"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d27c0019011\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d27c0019011\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#Loan_against_Rent_Receivable_%E2%80%93_All_you_need_to_know\" title=\"Loan against Rent Receivable \u2013 All you need to know\">Loan against Rent Receivable \u2013 All you need to know<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#Interest_rates_on_loan_against_rent_receivable\" title=\"Interest rates on loan against rent receivable \">Interest rates on loan against rent receivable <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#Interest_rate_and_processing_fees_by_banks_in_India\" title=\"Interest rate and processing fees by banks in India\u00a0\">Interest rate and processing fees by banks in India\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#Merits_of_loan_against_rent_receivable\" title=\"Merits of loan against rent receivable \">Merits of loan against rent receivable <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#List_of_documents_mandatory_for_obtaining_a_professional_loan\" title=\"List of documents mandatory for obtaining a professional loan\">List of documents mandatory for obtaining a professional loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#Eligibility_criteria_for_loan_against_rent_receivable\" title=\"Eligibility criteria for loan against rent receivable \">Eligibility criteria for loan against rent receivable <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/loan-against-rent-receivable-all-you-need-to-know\/#What_are_the_factors_that_affect_the_eligibility_of_loans_against_rent_receivable\" title=\"What are the factors that affect the eligibility of loans against rent receivable \">What are the factors that affect the eligibility of loans against rent receivable <\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Loan_against_Rent_Receivable_%E2%80%93_All_you_need_to_know\"><\/span><span style=\"color: #ff0000;\"><strong>Loan against Rent Receivable \u2013 All you need to know<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4348\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Loan-against-Rent-Receivable-\u2013-All-you-need-to-know.png\" alt=\"Loan against Rent Receivable \u2013 All you need to know\" width=\"1024\" height=\"210\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Loan-against-Rent-Receivable-\u2013-All-you-need-to-know.png 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Loan-against-Rent-Receivable-\u2013-All-you-need-to-know-300x62.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Loan-against-Rent-Receivable-\u2013-All-you-need-to-know-768x158.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Loan-against-Rent-Receivable-\u2013-All-you-need-to-know-800x164.png 800w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><strong>A synopsis of Loan against rent receivable <\/strong><\/p>\n<p>Meaning of loan against rent receivable. A loan against rent receivable is offered by every public and private bank to manage future rent on an owned property as collateral. It is like a personal loan. This loan can be taken to help in business activity , marriage or education , renovation , repair etc . A loan against rent receivable can be given to anyone who has any type of property that has been issued on a commercial basis.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Interest_rates_on_loan_against_rent_receivable\"><\/span><strong><span style=\"color: #000080;\">Interest rates on loan against rent receivable<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"1542\">\n<tbody>\n<tr>\n<td width=\"347\">Interest rate<\/td>\n<td width=\"598\">@8.75% onwards<\/td>\n<td width=\"598\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"347\">Loan amount<\/td>\n<td width=\"598\">From 25 lakhs to 200 crores.<\/td>\n<td width=\"598\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"347\">Processing fee<\/td>\n<td width=\"598\">Up to 1%<\/td>\n<td width=\"598\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Interest_rate_and_processing_fees_by_banks_in_India\"><\/span><span style=\"color: #000080;\"><strong>Interest rate and processing fees by banks in India<\/strong>\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4349\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India-.jpg\" alt=\"Interest rate and processing fees by banks in India\u00a0\" width=\"1200\" height=\"700\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India-.jpg 1200w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India--300x175.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India--1024x597.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India--768x448.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/Interest-rate-and-processing-fees-by-banks-in-India--800x467.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<table width=\"952\">\n<tbody>\n<tr>\n<td><strong>Bank name\u00a0<\/strong><\/td>\n<td><strong>Interest rate\u00a0<\/strong><\/td>\n<td><strong>Processing fee<\/strong><\/td>\n<\/tr>\n<tr>\n<td>State bank of India<\/td>\n<td>10.70%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Union bank of India<\/td>\n<td>9.80%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Yes Bank Ltd.<\/td>\n<td>8.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>RBL Bank Ltd.<\/td>\n<td>8.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Standard Chartered bank<\/td>\n<td>7.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>South Indian Bank Ltd.<\/td>\n<td>10.70%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>United bank of India<\/td>\n<td>10.75%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>UCO Bank<\/td>\n<td>9.40%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Central bank of India<\/td>\n<td>10.10%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>HSBC Bank<\/td>\n<td>7.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd.<\/td>\n<td>7.25%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Bank of India<\/td>\n<td>8.35%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Bank Ltd.<\/td>\n<td>10.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Baroda<\/td>\n<td>8.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Ltd.<\/td>\n<td>7.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Canara bank<\/td>\n<td>11.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Citi bank<\/td>\n<td>7.20%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Bank Ltd.<\/td>\n<td>7.75%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mahindra bank<\/td>\n<td>7.25%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Indian bank<\/td>\n<td>8.80%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>IndusInd bank<\/td>\n<td>9.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>IDFC First Bank<\/td>\n<td>9.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Indiabulls<\/td>\n<td>9.50%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Digibank (DBS)<\/td>\n<td>9.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Edelweiss Finance<\/td>\n<td>10.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Pnb housing<\/td>\n<td>9.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>LIC Housing Finance<\/td>\n<td>8.00%<\/td>\n<td>1%<\/td>\n<\/tr>\n<tr>\n<td>Punjab National Bank<\/td>\n<td>8.70%<\/td>\n<td>1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Merits_of_loan_against_rent_receivable\"><\/span><strong><span style=\"color: #000080;\">Merits of loan against rent receivable<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Amount of loan is directly proportional to market value of the property.<\/li>\n<li>60% to 85% of property value can be given as loan<\/li>\n<li>Not much justification is needed as collateral is given , making the approval faster.<\/li>\n<li>Tenure period is flexible from 8 years , it can go upto 10 years also.<\/li>\n<li>Interest rate is low as it is a secured loan.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"List_of_documents_mandatory_for_obtaining_a_professional_loan\"><\/span><span style=\"color: #000080;\"><strong><u>List of documents mandatory for obtaining a professional loan<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>2 Passport sized photographs<\/li>\n<li>Income Tax Return if the computation of income (if filed) for 3 years.-16<\/li>\n<li>Bank statement of salary account for 1 year.<\/li>\n<li>Complete property documents with ATS + MAP and Chain.<\/li>\n<li>Aadhar card and Passport<\/li>\n<li>PAN Card<\/li>\n<li>A Cheque for the processing fee.<\/li>\n<li>Permanent address proof and also needed if rented.<\/li>\n<li>Aadhar Card and Passport<\/li>\n<li>Appointment letter and salary slips of the previous 3 years<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Eligibility_criteria_for_loan_against_rent_receivable\"><\/span><strong><span style=\"color: #000080;\">Eligibility criteria for loan against rent receivable<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Business turnover , age, creditworthiness , repayment history all play an important role before getting a loan<\/p>\n<ul>\n<li>Age shall be between 24-60<\/li>\n<li>Minimum of 25 lakhs can be aviled as loan , the highest it can go up to 200 crore.<\/li>\n<li>The rent and lease agreement shall be properly made.<\/li>\n<li>Property shall be build under proper guidelines of the local government.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_factors_that_affect_the_eligibility_of_loans_against_rent_receivable\"><\/span><strong><span style=\"color: #000080;\">What are the factors that affect the eligibility of loans against rent receivable<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"color: #ff9900;\"><strong>Age of borrower :<\/strong>\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Applicants of age 25-30 can get a loan with comparatively longer period as their working hours are longer. For other applicants with nearby retirement age ,it would be shorter as their working hours are less.<\/p>\n<ul>\n<li><span style=\"color: #ff9900;\"><strong>Income :<\/strong> <\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">income of the applicant also determines the capacity of repayment.\u00a0 For Applicants with existing loan , capacity to pay another loan will be evaluated by analyzing the liability\u00a0 of the income ratio.<\/p>\n<ul>\n<li><span style=\"color: #ff9900;\"><strong>Rent receivable :\u00a0<\/strong><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Loan against Rent Receivable \u2013 All you need to know A synopsis of Loan against rent receivable Meaning of loan against rent receivable. A loan against rent receivable is offered by every public and private bank to manage future rent on an owned property as collateral. It is like a personal loan. This loan can &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[844],"tags":[887],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4347"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4347"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4347\/revisions"}],"predecessor-version":[{"id":4351,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4347\/revisions\/4351"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}