Frequently asked questions
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LyteLease is a rental cash-out service that enables residential landlords in Singapore to receive up to 12 months of future rental income upfront, without affecting their Total Debt Servicing Ratio (TDSR) or credit score.
- Submit your details through an online form here or via WhatsApp.
- We will review your application, request for necessary documents and inform you of your application status.
- Review and sign your LyteLease Agreement securely online.
- Your tenant signs an addendum to make monthly payments to LyteLease.
- Get your rental cash-out disbursed into your bank account as fast as 3 business days.
- We will continue to collect the monthly rent from your tenant each month.
You can cash out between 6 to 12 months of your rental income, subject to verification and assessment.
To qualify for LyteLease, your property must have a monthly rental of at least $1,000, up to a maximum of $50,000.
LyteLease charges a service fee ranging from 6% to 9.5%, based on your tenancy and application details, along with a fixed 1% processing fee on the rental cash-out amount.
All fees will be clearly stated upfront and deducted from the amount disbursed to you. There are no hidden or recurring charges.
No. LyteLease is not a loan. There is no interest, no monthly repayments and it does not impact your credit score or Total Debt Servicing Ratio (TDSR).
You'll need a valid tenancy agreement, proof of ownership, and tenant details. Our team will guide you through a quick and secure verification process.
Once your tenant has signed the addendum to the tenancy and your request has been processed, you will receive the funds in your bank account as fast as 3 business days.
LyteLease service is available for landlords of HDB and private residential properties in Singapore (landed, condominiums, and apartments) with a valid tenancy agreement, and at least 6 months remaining on the lease.
Your tenant will sign an addendum to the tenancy agreement, confirming that monthly rent payments will be made directly to the bank account stated in the addendum of the tenancy agreement.
LyteLease manages rent collection on your behalf. In the event of delayed or missed rent, our support team will handle follow-up and resolution directly.
If your tenant terminates the tenancy early, your cash-out arrangement with LyteLease can remain in place. Once a new tenant is secured, they will sign a new addendum so that rental payments continue to be made to LyteLease.
If there is a gap between tenancies, the cash-out period will be extended by the length of the vacancy period.
Yes, you can. You can submit a cash-out request for each property you rent out.
Yes, you may reapply for another cash-out once your current term ends. Each application is subject to review and approval.
Yes. Your information is treated with strict confidentiality. Your personal and tenancy details will only be used to process your LyteLease request and will never be shared with any third party without your consent.
Simply complete the online form here or via WhatsApp, and we will reach out within 2 business days.
LyteLease lets your landlord clients access up to 12 months of their future rental income upfront - a value-added service for you to offer them greater financial flexibility. You'll also earn referral rewards for every successful landlord referral.
LyteLease lets your landlord clients access up to 12 months of their future rental income upfront, giving them greater cash flow and financial flexibility.
Yes, you will need to have a LytePay account. If you do not have an existing LytePay account, sign up for an account here.
You will receive a WhatsApp notification once your client's advance request is successful.
Once your referral is successful, our team will credit the referral rewards directly to your LytePay-registered bank account.
Yes. There's no limit to how many landlords you can refer - the more landlords you successfully refer, the more rewards you earn.
You can reach out to the LyteLease support team at support@lytelease.com or via WhatsApp at +65 8836 9124 for updates or enquiries about your referral status.