HDFC Bank Loan Against Rent Receivables

If you have a commercial property which you have rented out, you can get a loan from HDFC Bank against the rent receivables. You can avail a loan of up to 50% of the commercial property value and repay it in a maximum of 108 months.

HDFC Bank Loan Against Rental Receivables – Features

• The amount of loan that you can avail will depend on factors such as net rentals, balance tenure of rental agreement, etc.
• The repayment tenure for the loan can range between 12 months and 108 months.
• Doorstep service is offered on the HDFC Bank Loan Against Rent Receivables.
• There are no hidden charges associated with the loan.
• The documentation required to avail the loan is simple and minimal.
• Once approved, the loans will be disbursed to your account almost immediately.

Documents Required for HDFC Bank Loan Against Rental Receivables

• Know-Your-Customer (KYC) documents (Identification and address proof)
• Bank statements for at least 12 months from the bank account where the rent is credited
• Property documents
• Copy of leave and license agreement

Calculate the EMI on HDFC Bank Loan Against Rental Receivables

Before you apply for a loan against rental receivables from HDFC Bank, it is advised that you calculate the amount you must pay as equated monthly instalments (EMIs). Doing so will help you assess your affordability and help you plan your budget better. You can calculate the EMI on your loan against rental receivables by using the EMI Calculator tool available on the bank’s official website or on the BankBazaar website. On entering details such as loan amount, interest rate, and the tenure, the tool will calculate the EMI amount and display it to you.

How to Apply for HDFC Bank Loan Against Rental Receivables

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.