against-corporate-rent-income

Against Corporate Rent Income

This allows you to mortgage a property which is on a lease with some corporate house or any organization instead of some individual. The monthly rent received is converted into an EMI. The Rent received plays a major role in the calculation of the loan amount.

If you are receiving a rent then you need to present a rent agreement to concern bank along with rent credited banking of last 6 months. Rent received in a black can not be consider.

Some bank used to consider 50% of rent receivable for loan eligibility however most of the bank consider 100% for an eligibility.

There is no such loan product in banking industry who lent you money only on the basis of rent receivable.

Some bank used to consider 50% of rent receivable for loan eligibility however most of the bank consider 100% for an eligibility.

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