Term Loan Against Rent Receivables is a type of secured loan where you pledge your future rental income as collateral. This loan is ideal for property owners who have their property leased out to tenants.  

• Application and Documentation: You apply to a bank or financial institution and provide necessary documents like property ownership papers, rental agreements, and income tax returns.  
• Loan Approval: The lender assesses your creditworthiness and the value of your rental income.
• Loan Disbursement: Once approved, the lender disburses the loan amount, typically a percentage of the future rental income.  
• Repayment: You repay the loan in fixed monthly installments, often deducted directly from your rental income.  

Advantages of a  Term Loan Against Rent Receivables

• Quick Disbursal: The loan is typically disbursed quickly.  
• Minimal Documentation: The process involves minimal paperwork.
• No Collateral Required: You don't need to pledge any additional assets as collateral.
• Flexible Repayment: You can choose a repayment tenure that suits your budget.
• Lower Interest Rates: Compared to unsecured loans, interest rates on loans against rent receivables are usually lower.

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