Loan Against rental property is very easy to avail , we can fund upto 75% of your rental income. So no need to sell your property in need of money. Just avail loan against its rentals.
Some Banks want Escrow rental amount , but its very easy to execute. In Delhi and NCR rentals are like cream on the cake. One hand you retain the property with appreciation and on the other hand you can let it out with good rental returns. Avail Loan Against Commercial/Residential/ Industrial property. Banks are very safe giving Loan Against Rentals , because they are on the upper end on these kind of fundings. Monthly rental assures about the future regularity of EMI’s.
Loan Against rentals are upto the term of your lease period. But few NBFC’s can fund beyond that lease period . Suppose your rental lease period is 3-4 years or lesser but Finance companies can go upto 15 years of tenure irrespective of your lease period.
Some Banks/NBFC’s can consider only registered rent agreements while few can consider your notarized rentals only. They do their own due-diligence to get it verified from their own sources. Summary of the story is that Loan Against Rentals/ Loan Against Rented Property are always good to avail in need of money.
inrcredit.com provides best Loan Against Rentals at very Lowest rate of Interest.
Read more info about the home loan consultant in delhi ncr https://www.inrcredit.com/
Source: https://inrcredit.blogspot.com/2020/01/benefits-of-loan-on-rental-income.html