Loan Against Rent Receivables

This is a loan that you can take against the rental income of your property.

 Criteria to avail this loan

 To be eligible for this loan, you need to meet certain terms and conditions: 

  • You must be the owner of the property 
  • Your property must be rented out as per terms and conditions charted out in a bona fide Rental Agreement. 
  • You and your tenant must be creditworthy and capable of giving credit. 
  • The property should have been built according to a government-approved plan.


Once the lender is assured that you satisfy the above criteria, your loan application will be processed. Generally, the bank enters into a three-way agreement with you and your tenant, prior to approving the loan. As per this agreement, the tenant must pay the rent to the bank directly. You and your tenant will be required to give an undertaking to this effect on the bank.

The loan amount and tenure will be assessed in such a way that it is repaid within the residual lease period between you and the tenant, or a maximum of 120 months.

 Purpose of the loan

These kinds of loans can be used instead of personal loans. Since your property is used by the bank as security against which you are given the loan, the interest rates tend to be lower than the rates for other types of loans, helping you save money in the long run.

 Whatever your requirement may be-be it a medical emergency, wedding expenses, home remodeling, or even for debt consolidation, a loan against rent receivables could help you.

 Repayment method


  • Post Dated Cheques for the tenure given.
  • By way of ECS
  • SI from the borrower's a/c with the Bank


Loan against Rent Receivables is a loan product designed by lenders especially for addressing the financial requirement of applicants having a self-owned property given on rent. This product enables them to get liquidity against expected future rentals of the property.