LRD Loan
The LRD full form stands for Lease Rental Discounting, a term frequently encountered in banking and finance. Definition: Lease rental discounting is a loan provided by banks or NBFCs to property owners against the rental income they receive from lessees
LRD is a type of secured debt funding that is offered based on the rental income of the property. The property must be leased for 5-10 years. And the lessee or tenant should be a well-known brand.This loan serves as a multi-purpose loan and can use the funds for business expansion, financing for the purchase of an asset or new property, or paying off loans.
The owner of the property does not have to pay the bank, but in return, the tenant of the property directly pays the bank the loan in the form of rental receipts through an escrow account every month.This facility gives a long-term solution to cash flow management as the lease/repayment is for longer tenures.The Rate of Interest in LRD depends upon the value of the property, repayment tenure, the credibility of the lessee, etc.
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