{"id":691,"date":"2021-09-03T05:01:40","date_gmt":"2021-09-03T05:01:40","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=691"},"modified":"2022-07-19T12:36:20","modified_gmt":"2022-07-19T12:36:20","slug":"icici-bank-lease-rental-discounting-lrd","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/icici-bank-lease-rental-discounting-lrd\/","title":{"rendered":"ICICI Bank Lease Rental Discounting (LRD)"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.moneylakefinance.com\/images\/lease-rental-discounting.jpg\" alt=\"ICICI Bank Lease Rental Discounting (LRD)\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>LRD Loan Meaning<\/strong><\/h2>\n\n\n\n<p>LRD\ni.e. Lease Rental Discounting is a term loan offered against the rental income\nreceived from the leased out properties that generate regular fixed income when\nleased to a reputed company\/establishment. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Lease Rental Discounting ICICI Bank<\/strong><\/h2>\n\n\n\n<p>ICICI\nBank provides the LRD loans in the form of <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/what-is-home-loan-emi\/\"><strong>EMI<\/strong><\/a>-based term loans as well as overdraft loans against\nthe rental income received from a leased-out commercial property at attractive\ninterest rates starting from 8.35% p.a. onwards for salaried, self-employed,\nprofessionals, and <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-loan-against-property-in-india\/\"><strong>NRIs<\/strong><\/a> to fulfill their personal needs as well as to invest\nit for business expansions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Details of LRD Loans ICICI Bank<\/strong><\/h2>\n\n\n\n<p>Given below are the lease rental discounting <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-eligibility\/\"><strong>eligibility criteria<\/strong><\/a> for LRD loans in ICICI Bank.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Who can apply for ICICI Lease Rental Discounting loan?<\/strong><br><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>All eligible borrowers can apply for lease rental discounting in ICICI Bank. <\/li><li>Resident &amp; Non-Resident Indians.<\/li><li> Salaried working in the public sector or private sector. <\/li><li> Salaried working in the public sector or private sector. <\/li><li> Self-employed non-professionals &#8211; traders, manufacturers, &amp; distributors. <\/li><li> Professionals- doctors, engineers, chartered accountants, architects, dentists, cost accountants, company secretaries, and management consultants. <\/li><li> Proprietorship Firm, Public Limited Company, Private Limited Company, &amp; Partnership Firm. <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Properties considered for LRD loans in ICICI Bank<\/strong><\/h4>\n\n\n\n<p>Only let-out commercial properties or specialized properties such as warehouses, industries, hospitals, hotels, schools, banquet halls, marriage gardens, etc. that derive fixed rental income can be given as collateral for LRD ICICI Bank.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Type Of Loan<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>EMI-Based Term Loan.<\/li><li> <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-all-about-mortgage-overdraft-o-d\/\"><strong>Overdraft Facility<\/strong><\/a> <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Purpose of availing an LRD loan<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Personal Use &#8211; property renovation, children\u2019s education, marriage expenses, funding the dream vacation, etc.<\/li><li> Business Use &#8211; business expansions, marketing, advertising, office infrastructures\/stationary\/machines, etc. <\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Maximum Tenure for Loan Against Property that is Leased-Out<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> Commercial Property &#8211; Up to 15 years. <\/li><li>Specialized Property &#8211; Up to 10 years.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Loan Amount<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> Minimum &#8211; Rs.10 Lakhs. <\/li><li>Maximum &#8211; Rs.3 Crores for term loan and Rs.5 Crores for an overdraft facility.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Lease Rental Discounting Interest Rates<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/cibil-and-its-significance-in-home-loan\/\"><strong>CIBIL\n  Scores<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <strong>Loan Amount<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>&nbsp;<\/strong>\n  <\/td><td>\n  <strong>Up to Rs.50 Lakhs<\/strong>\n  <\/td><td>\n  <strong>Rs.50 Lakhs &#8211; Rs.1 Crore<\/strong>\n  <\/td><td>\n  <strong>Above Rs.1 Crore<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>Above 750<\/strong>\n  <\/td><td>\n  RR + 4.85%\n  (8.85%)\n  <\/td><td>\n  RR + 4.60%\n  (8.60%)\n  <\/td><td>\n  RR + 4.35% (8.35%)\n  <\/td><\/tr><tr><td>\n  <strong>700-750<\/strong>\n  <\/td><td>\n  RR + 5.25%\n  (9.25%)\n  <\/td><td>\n  RR + 5% (9%)\n  <\/td><td>\n  RR + 4.75%\n  (8.75%)\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/home-loan\/how-to-apply-for-home-loan-with-bad-cibil-score-by-loanfasttrack\/\"><strong>Below\n  750<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  RR + 5.50%\n  (9.50%)\n  <\/td><td>\n  RR + 5.25%\n  (9.25%)\n  <\/td><td>\n  RR + 5% (9%)\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><em>Note: (i) The ICICI Bank LRD rate of Interest is subject to change without prior notice.<\/em><\/strong><br><strong><em>(ii) RR stands for Repo Rate which is 4% as of August 2021.<\/em><\/strong><\/p>\n\n\n\n<p>The LRD interest rates also vary depending on the type of property, rental income, lessee profile, PSL &amp; non-PSL sectors, etc.  <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">=&gt; <strong>Lease Rental Discounting Processing Fees &amp; Other Charges<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Loan Processing Fees\/Renewal Charges &#8211; 2% of the loan amount. <\/li><li>Administrative Charges &#8211; Rs.5000\/- or 0.25% of the loan amount whichever is lower. <\/li><li> Prepayment Charges &#8211; 4% of the outstanding loan amount.  <\/li><li> GST &#8211; separate 18% GST will be applicable on all fees\/charges. <\/li><\/ul>\n\n\n\n<p>Also, read <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/must-know-all-costs-in-home-loan\/\"><strong>the list of charges in availing of a loan<\/strong><\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>=&gt; Documents Required For Lease Rental Discounting<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  <strong>KYC<\/strong>\n  <\/td><td> * Pan Card<br>* Adhar Card<br>* Photograph         <\/td><\/tr><tr><td>\n  <strong>Income\n  Documents For Salaried<\/strong>\n  <\/td><td>* 4 months salary slips.<br>* 2 years form 16 <br>* 6 months bank account statement.         <\/td><\/tr><tr><td>\n  <strong>Income\n  Documents For Self-Employed<\/strong>\n  <\/td><td>* 2 years ITR with Computation of Income,   Saral Copy, Balance Sheet, P&amp;L Account, Capital Account \u2013 CA certified   with membership no. and UDIN No.<br>* 12 months bank account statement.<br>* Business profile.<br>* Business proofs.            <\/td><\/tr><tr><td>\n  <strong>Property\n  Papers<\/strong>\n  <\/td><td>* Prior Chain of Agreement.<br>* OC\/CC + approved plans. <br>* Index 2.<br>* Share Certificate.<br>* Society Registration Copy.<br>* Property tax.<br>* Property maintenance bill.                     <\/td><\/tr><tr><td>\n  <strong>Other\n  Documents<\/strong>\n  <\/td><td>* Registered valid lease agreement.<br>* Bank account statements for the rent received.&nbsp;&nbsp;&nbsp;&nbsp; <br>* Duly signed bank application form.<br>* Processing fee cheque.<br>* Any other document as required by the bank.               <\/td><\/tr><tr><td>\n  <strong>Additional\n  Documents Required For LRD Loan Transfer<\/strong>\n  <\/td><td>* LOD (list of documents).<br>* Outstanding letter.<br>* 12 months repayment track record.         <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-mortgage-loan\/\"><strong>Click to know the NRI list of documents for applying for a mortgage loan<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prerequisites to avail of an LRD loan\nwith ICICI Bank<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Funding will be given only\nagainst the self-occupied, commercial, or specialized property that earns a\nfixed rental income per month. <\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>An ESCROW account with ICICI\nBank is mandatory to enable the credits of rental against the loan sanctioned.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The minimum lease period for\nthe property should be 3 years.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The property has a clear and\nmarketable title and is built according to the approved plans of the local\ngovernment authorities. <\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The leased-out property has a\nvalid and registered agreement between the tenants and owners.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The owners and the tenants\nare creditworthy as per the ICICI Bank standards.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>LRD loan interest rate varies\nfor PSL &amp; non-PSL sectors (PSL= Priority Sector Lending).<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The minimum lock-in period for the prepayment of the LRD loan is 6 months.<br>Also, read <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/13-important-things-to-remember-before-prepaying-your-home-loan\/\"><strong>13 Important Things To Remember Before Prepaying Your Home Loan<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>An NRI applying for an LRD loan is not a citizen of the countries namely- Iran, North Korea, Cuba, Syria, Sudan, and Creamia regions of Ukraine, Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Nepal, Macau, Nigeria, Hong Kong, or Bhutan. (Also, read <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-mortgage-loan-for-nri-in-india\/\"><strong>ICICI Bank Mortgage Loan For NRI In India<\/strong><\/a>).<br>Also, read <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-mortgage-loan-in-india\/\"><strong>Best Banks For Mortgage Loan In India<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQs<\/strong><\/h2>\n\n\n\n<p><strong>Q. What are the ICICI Bank\u2019s LRD loan\ninterest rates in 2021?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>ICICI Banks\u2019 lease rental discounting\ninterest rates in 2021 range from 8.35% p.a. &#8211; 9.50% p.a.<\/p>\n\n\n\n<p><strong>Q. Can an LRD loan for lease house be\nprovided by ICICI Bank?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>ICICI Bank does not provide LRD loans\nagainst the residential property, hence a lease house loan is not possible\nunder the LRD scheme. For a house lease loan, you can apply for a mortgage loan\nwith ICICI Bank.<\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-is-it-difficult-to-get-a-loan-on-grampanchayat-property\/\"><strong>Why Is It Difficult To Get A Loan On Gram Panchayat\nProperty?<\/strong><\/a><\/p>\n\n\n\n<p><strong>Q. What is the minimum income\nrequired for an LRD loan?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>The minimum net rental income must be\nRs.20,000\/- p.m.<\/p>\n\n\n\n<p><strong>Q. Do ICICI Bank takeover LRD loans?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>You can <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>transfer your LRD loan<\/strong><\/a> to ICICI Bank at the lowest interest\nrates starting from 8.35% p.a. onwards. ICICI Bank is the provider of the\ncheapest interest rates in the lease rental discounting market in India.<\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-how-to-deal-with-the-increasing-interest-rates-of-housing-loans\/\"><strong>How to deal with increasing interest rates<\/strong><\/a>. <\/p>\n\n\n\n<p><strong>Q. Can a top-up be availed on an\nICICI Bank LRD loan?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>Yes, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-top-up-loan\/\"><strong>LRD <\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-top-up-loan\/\"><strong>loan top<\/strong><\/a> up ICICI Bank can be availed of at\nattractive interest rates.<\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-home-loan-top-up\/\"><strong>ICICI Bank Home Loan Top Up<\/strong><\/a>.<\/p>\n\n\n\n<p><strong>Q. What is the maximum funding\navailable for the property? <\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>The maximum loan funding depends on\nnet rental incomes and the current market value of the property. The lease\nrental discounting formula for calculating the LRD eligibility is lower of the\ntwo, i.e.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>85% of the net rental income <\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-to-value-ratio\/\"><strong>LTV<\/strong><\/a> &#8211; 50% of the current market\n     value of the property. <\/li><\/ol>\n\n\n\n<p>&nbsp;Subject to a maximum of Rs.3 Crores for\ncommercial properties and Rs.5 Crores for specialized properties such as\nhospitals, schools &amp; colleges, industries, warehouses, etc.<\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-eligibility\/\"><strong>(LAP)- Loan Against Property Eligibility<\/strong><\/a>.<\/p>\n\n\n\n<p><strong>Q. What will be the EMI for an LRD\nloan of Rs.55 Lakhs?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>Considering the LRD interest rate to\nbe 8.60% for 15 years, the EMI for 55 Lakhs will be Rs.54,484\/-. Use the ICICI\nBank LRD loan calculator to know your EMIs. Alternatively, you may also use <a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><strong>Loanfasttrack\u2019s EMI calculator<\/strong><\/a> to know your exact EMIs for\ndifferent loan amounts and tenures. <\/p>\n\n\n\n<p>Also,\nread on <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-emi-calculator\/\"><strong>Home Loan EMI Calculator<\/strong><\/a>. <\/p>\n\n\n\n<p><strong>Q. Can an LRD loan be availed for a\nmaximum period of 20 years?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>The LRD loan with ICICI Bank can be\navailed for a maximum period of 15 years for an EMI-based term loan and 10\nyears for an LRD overdraft facility loan.<\/p>\n\n\n\n<p><strong>Q. Can I apply for an LRD loan with a\nco-applicant?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>Yes, a co-applicant is mandatory for\napplying for an LRD loan with ICICI Bank and the income of the co-applicant can\nalso be added to enhance the loan eligibility. Read, to find out <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-the-co-applicant-in-home-loan\/\"><strong>who can be your co-applicants<\/strong><\/a>. <\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/home-loan\/benefits-of-applying-joint-home-loans\/\"><strong>4 Important Benefits Of Applying For Joint Home Loans<\/strong><\/a>.<\/p>\n\n\n\n<p><strong>Q. How to apply for ICICI Bank LRD\nloans?<\/strong><\/p>\n\n\n\n<p><strong>Ans: <\/strong>You can apply for ICICI Bank LRD\nloans online as well as offline. <\/p>\n\n\n\n<p>Also,\nread <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/home-loan\/online-vs-offline-home-loan\/\"><strong>Online Vs Offline Home Loan \u2013 Which One Is Better?<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>ICICI Bank LRD Loan Comparison With\nThe Other Banks<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  <strong>Bank Name<\/strong>\n  <\/td><td>\n  <strong>Interest Rate<\/strong>\n  <\/td><td>\n  <strong>Tenure<\/strong>\n  <\/td><td>\n  <strong>Maximum Loan Amount<\/strong>\n  <\/td><td>\n  <strong>Maximum Funding Against Rent Receivables<\/strong>\n  <\/td><td>\n  <strong>Processing Fees<\/strong>\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-loan-against-property-lap\/\"><strong>ICICI\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  8.35% p.a. &#8211;\n  9.50% p.a.\n  <\/td><td>\n  15 years\n  <\/td><td>\n  Rs.3 Crore\n  <\/td><td>\n  85%\n  <\/td><td>\n  Up to 2% of the\n  loan amount + applicable GST.\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/hdfc-bank-loan-against-property\/\"><strong>HDFC\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  9.70% p.a. &#8211;\n  10.30% p.a. \n  <\/td><td>\n  9 years\n  <\/td><td>\n  Rs.5 Crores\n  <\/td><td>\n  85% \n  <\/td><td>\n  Up to 1% of the\n  loan amount + applicable GST.\n  (Min. Rs.3,500\/-)\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/sbi-mortgage-loan\/\"><strong>SBI<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  9.45% p.a. &#8211; 11 %\n  p.a. \n  <\/td><td>\n  10 years\n  <\/td><td>\n  Rs.500 Crores\n  <\/td><td>\n  95% \n  <\/td><td>\n  Up to 2.02% of\n  the loan amount + applicable GST.\n  (Max.\n  Rs.1,01,865\/-)\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-in-axis-bank\/\"><strong>Axis\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  10.50% p.a. -11 %\n  p.a.\n  <\/td><td>\n  9 years \n  <\/td><td>\n  Rs.5 Crores\n  <\/td><td>\n  85%\n  <\/td><td>\n  Up to 1% of the\n  loan amount or Rs.10,000\/- whichever is higher + applicable GST.\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/bob-bank-of-baroda-mortgage-loan\/\"><strong>Bank\n  Of Baroda<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  8.65% p.a. &#8211; 11%\n  p.a.\n  <\/td><td>\n  10 years\n  <\/td><td>\n  Rs.20 Crores\n  <\/td><td>\n  55%\n  <\/td><td>\n  0.50% of the loan\n  amount + applicable GST.\n  (Min. Rs.1000\/-\n  &amp; max. Rs.10 Lakhs)\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-kotak-mahindra-bank\/\"><strong>Kotak\n  Mahindra Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  9.50% p.a.\n  onwards\n  <\/td><td>\n  10 years\n  <\/td><td>\n  Rs.5 Crores\n  <\/td><td>\n  Up to 8 times of\n  the net monthly rental received\n  <\/td><td>\n  Up to 1% of the\n  loan amount + applicable GST.\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong><em>Note: The information related to LRD interest rates, charges, tenures, &amp; funding information mentioned in the table is subject to change without prior notice.<\/em><\/strong><\/pre>\n\n\n\n<p>By, <\/p>\n\n\n\n<p>Loanfasttrack<\/p>\n\n\n\n<p><a href=\"http:\/\/www.loanfasttrack.com\"><strong>Loanfasttrack<\/strong><\/a> is a Mumbai-based loan provider\ncompany since 2015 offering loan services in Mumbai on&#8211; <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>housing loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>mortgage loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>personal loan in\nMumbai<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\">,<\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan.html\"><strong>unsecured business loans<\/strong><\/a>,<strong> <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>home loan transfer<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>top-up loans<\/strong><\/a>, and <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>loan transfers<\/strong><\/a>. Loanfasttrack is a direct\nsales associate with leading banks namely, ICICI Bank, HDFC Ltd, Canara Bank,\nCiti Bank, Piramal Housing Finance, etc. <\/p>\n\n\n\n<p><strong>Contact Loanfasttrack:<\/strong><strong> <\/strong><\/p>\n\n\n\n<p><strong>Website &#8211;<\/strong><strong> <\/strong><a href=\"http:\/\/www.loanfasttrack.com\"><strong><em>www.loanfasttrack.com<\/em><\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>Email &#8211; <\/strong><a href=\"mailto:info@loanfasttrack.com\"><strong><em>info@loanfasttrack.com<\/em><\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>Tel &#8211;<\/strong><strong> <\/strong><strong><em>9321020476<\/em><\/strong><\/p>\n\n\n\n<p>Loanfasttrack\u2019s\nspecialized services include providing:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The<a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\">\n<\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>best bank for home\n<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>loan in India<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\"><strong>Best Banks For\nMortgage Loan In India<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\">Apply <\/a><a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>loan against\nproperty in Mumbai<\/strong><\/a> at assured low-interest rates.<\/li><li>Qualify you for the highest <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/lap-loan-against-property-eligibility\/\"><strong>loan against\nproperty eligibility<\/strong><\/a>.<\/li><li>Lowest<a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>home loan rates in\nMumbai<\/strong><\/a><strong>.<\/strong><\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>Instant loan in\nMumbai<\/strong><\/a><strong> <\/strong>&amp;<a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>home loan in\nMumbai<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LRD Loan Meaning LRD i.e. Lease Rental Discounting is a term loan offered against the rental income received from the leased out properties that generate regular fixed income when leased to a reputed company\/establishment. Lease Rental Discounting ICICI Bank ICICI Bank provides the LRD loans in the form of EMI-based term loans as well as &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,57,329,4],"tags":[115,380,60,379,398,343,14,244,245,248,243,63,374,357,358,344,345,12,215,52,362,54,370,369,101,367,361,371,394,392,242,335,346,383,384,389,363,364,334,368,333,372,385,377,387,339,340,7,51,264,24,10,356,395,337,336,351,338,366,347,342,396,397,313,314,328,359,352,331,378,386,365,353,376,390,341,360,373,354,388,349,350,381,348,284,382,229,275,310,375,393,391,261,332,355],"class_list":["post-691","post","type-post","status-publish","format-standard","hentry","category-finance","category-home-loan","category-lease-rental-discounting","category-mortgage-loan","tag-lrd-lease-rental-discounting-loans-in-india","tag-apply-for-mortgage-loan-with-icici-bank","tag-apply-home-loan-with-icici-bank","tag-apply-mortgage-loan","tag-apply-mortgage-loan-with-icici-bank","tag-bank-loan-for-lease-house","tag-best-bank-for-home-loan","tag-best-bank-for-mortgage-loan-in-india","tag-best-bank-for-mortgage-loan-in-mumbai","tag-best-mortgage-loan-interest-rates","tag-best-mortgage-rates","tag-commercial-property-loan-with-icici-bank","tag-document-checklist-for-mortgage-loan","tag-documents-for-lrd-loans","tag-documents-required-for-lrd-loans","tag-home-lease-loan","tag-house-lease-loan","tag-housing-loan-in-mumbai","tag-icici-bank-home-loan-application-form","tag-icici-bank-home-loan-top-up","tag-icici-bank-lease-rental-discounting","tag-icici-bank-loan-against-property-lap","tag-icici-bank-lrd-processing-fees","tag-icici-bank-lrd-rate-of-interest","tag-icici-bank-mortgage-loan-for-nri-in-india","tag-icici-bank-overdraft-facility","tag-icici-lease-rental-discounting","tag-icici-lrd-fees","tag-lap-loan-takeover","tag-lap-loan-transfer","tag-lap-processing-fees","tag-lease-discounting","tag-lease-house-loan","tag-lease-rental-discounting-calculator","tag-lease-rental-discounting-eligibility","tag-lease-rental-discounting-formula","tag-lease-rental-discounting-icici-bank","tag-lease-rental-discounting-in-icici-bank","tag-lease-rental-discounting-interest-rate","tag-lease-rental-discounting-interest-rates","tag-lease-rental-discounting-loan","tag-lease-rental-discounting-processing-fees","tag-lease-rental-discounting-rate-of-interest","tag-lease-rental-discounting-rate-of-interest-in-2022","tag-lease-rental-discounting-rbi","tag-loan-against-lease-property","tag-loan-against-leasehold-property","tag-loan-against-property","tag-loan-against-property-at-lowest-interest-rate","tag-loan-against-property-balance-transfer","tag-loan-against-property-eligibility","tag-loan-against-property-in-mumbai","tag-loan-against-property-on-rental-income-without-income-proof","tag-loan-against-property-takeover","tag-loan-against-rent-agreement","tag-loan-against-rent-receivables","tag-loan-against-rent-receivables-interest-rate","tag-loan-against-rental-income","tag-loan-against-rental-income-sbi","tag-loan-for-house-lease","tag-loan-for-lease-house","tag-lowest-lap-loan-interest-rates","tag-lowest-lap-loan-rate-of-interest","tag-lowest-mortgage-loan-interest-rate","tag-lowest-mortgage-rates","tag-lowest-rate-for-mortgage-loan","tag-lrd-icici-bank","tag-lrd-interest-rates","tag-lrd-loan","tag-lrd-loan-against-residential-property","tag-lrd-loan-calculator","tag-lrd-loan-icici-bank","tag-lrd-loan-interest-rate","tag-lrd-loan-interest-rates-in-2022","tag-lrd-loan-transfer","tag-lrd-loans","tag-lrd-loans-icici-bank","tag-lrd-processing-charges","tag-lrd-rate-of-interest","tag-lrd-scheme","tag-maximum-loan-amount-under-loan-against-rent-receivables","tag-maximum-tenure-for-lrd-loans","tag-minimum-income-for-lrd","tag-minimum-loan-amount-for-loan-against-rent-receivables","tag-minimum-loan-amount-under-loan-against-rent-receivables","tag-minimum-rent-required-for-lrd","tag-mortgage-loan-balance-transfer","tag-mortgage-loan-eligibility","tag-mortgage-loan-eligibility-criteria","tag-mortgage-loan-list-of-documents","tag-mortgage-loan-takeover","tag-mortgage-loan-transfer","tag-mortgage-processing-fees","tag-rental-discounting","tag-what-is-the-minimum-net-rental-requirement-as-per-loan-against-rental-receivables-policy"],"_links":{"self":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":3,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"predecessor-version":[{"id":740,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/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