Symbiosis Corporate Advisior Privte Limited offers Lease Rental Discounting (LRD) to property owners who receive fixed rent from tenants against their owned premises. The loan is calculated on the basis of the discounted rent potential of the property, plus its current market value. It is a term loan that can be used for both personal and professional needs.
This loan against rental receivables differs from other loan products in two ways:
The loan agreement is made between the lending institution, the lesser and the lessee.
The rent is not collected by the lesser, but is credited every month via an escrow account to the lending institution. The lessee/current occupant deposits the rent directly in the escrow account.
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