Multiple banks. Different interest rates. Call it a "conflict of interest".
The HDFC Loans against Rent Receivables a loan product from HDFC Bank meant for individuals who are expecting cash flows from Rent Receivables. The loan will be sanctioned and disbursed in quick and efficient manner, the documentation involved is also extremely simple and also the bank provides you with the loan in a quick turnaround time. The current loan to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account.
The HDFC Loans against Rent Receivables The current loan to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account.
The criteria they need to match are:
The amount of loan can be applied for a maximum of 50% of the property’s market value. This will also be dependent on the various parameters like CIBIL rating, documents being clear, etc the balance tenure of the rental agreement, and the net rentals as well.
Documents required for this product will be:
Application process for this loan is very simple, all you need to do is fill in a loan application form with supporting documents and submit it to the nearest HDFC Bank branch. You can also apply for this loan via the HDFC Bank website by submitting an online application form with a few mandatory details.
Online application is available for the HDFC Loans against Rent Receivables, all you need to do is login to the HDFC Bank website by submitting an online application form with a few mandatory details.
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