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BEST FOR

Owners with Rental Income

  • Loan tenure up to 15 years

  • Attractive interest rate

  • Overdraft facility can be availed

  • Simplified eligibility calculation

Important Things to Know

  • Eligibility

     For Resident Indian, NRIs and OCIs

  • Property Type

    Commercial/specialised only

  • Lease Tenure

    Minimum 3 years

  • Documentation

    Basic KYC & lease papers

  • Escrow Account

    Mandatory with ICICI Bank

About Lease Rental Discounting

Eligibility Criteria for Loan Against Rental Property

Available for resident and non-resident individuals. Both salaried and self-employed professionals can apply, provided the leased property has a minimum lease term of 3 years.

Flexible Loan Tenure

Tenure of up to 15 years* for commercial and specialised property based on the lease agreement and property's rental potential.

Easy Documentation

Identity, address, and ownership documents are required. Minimal income proof may be required on a case-to-case basis. Entities need business registration, financial, and governance documents as applicable.

Application Requirements

The property must be commercial or specialised. An Escrow Account with ICICI Bank is mandatory to route rental income to repay the sanctioned loan.

 FAQs

What is Lease Rental Discounting (LRD)?

Lease rental discounting is a mortgage loan offered to the customers against the rental income received from the commercial or specialized property which is on lease. The loan eligibility is on the basis of rental income only and no financial documents are required to derive the eligibility.

Who can apply for an LRD loan?

Only owners of commercial or specialised properties with registered lease agreements and consistent rental inflows are eligible.

Examples of eligible properties include:

  • Offices and commercial complexes

  • Warehouses and industrial units

  • Schools and educational institutions

  • Hospitals and clinics

  • Hotels and banquet halls

  • Marriage gardens

Note: Rental income from residential properties is not eligible for an LRD Loan.

What is the loan tenure available under LRD?

  • For commercial properties: Up to 15 years*

  • For specialised properties: Up to 15 years**

*T&Cs. **Subject to balance lease tenure.

Disclaimer

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