HDFC Bank Loan Against Rent Receivables

Overview about HDFC Loans against Rent Receivables

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.

Where is the purpose of HDFC Loans against Rent Receivables?

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.

What is the eligibility criteria for HDFC Loans against Rent Receivables?

The criteria they need to match are:

• The applicant should own a property listed in their name.
• The applicant needs to be at least 18 years of age
• Must be a Indian resident
• If you represent Companies/Proprietorships/Partnership firms you will need to submit an audited Balance Sheet, Profit & Loss Account for last two years. You will also have to submit IT returns of the last 2 years

What is the maximum amount of loan I can avail?

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.

What are the documents required for HDFC Loans against Rent Receivables?

Documents required for this product will be:

• Bank Statement of the last 12 months in which rents have been deposited
• Property documents
• Proof of identity and address as well, documents accepted will be voter’s id, passport, aadhar card, driver’s license.
• Leave and license agreement copy
• A copy of your pan card
• Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).

How do I apply for this loan?

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.

Can I apply for HDFC Loans against Rent Receivables online?

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.