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.