Lease Rental Discounting:

Leverage your property rental receipts to meet business and personal goals. With Lease Rental Discounting, you can utilize rent received from your commercial property to avail of loan for your business, working capital or personal needs. Moreover, there is no additional outflow of money as Equated Monthly Installment (EMI) is recovered directly from the rent.!


Lease Rental Discounting Interest Rates:

(Last Updated on : 25th. April. 2020 )

Bank

Interest Rates

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HDFC Bank.

9.25% P.A. Onwards.

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Kotak Mahindra Bank

9.25% P.A. Onwards.

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ICICI Bank Ltd.

8.80% P.A. Onwards.

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Axis Bank Ltd.

9.00% P.A. Onwards.

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IDFC First Bank

9.25% P.A. Onwards.

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PNB Housing

9.25% P.A. Onwards.

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Standard Chartered

9.00% P.A. Onwards.

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City Bank

9.00% P.A. Onwards.

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  • Prominent Features:
    • 1. Overdraft facility available- Pay interest only on the funds you use.
    • 2. Flexibility in use of funds-Fund can be used for business, education, marriage, etc.
    • 3. Easy EMI payment- EMI is deducted directly from the rent.
    • 4. Fastest Processing & Transparent Dealings
    • 5. Door Step Service with Very attractive Deals on Loans.

  • Lease Rental Discounting Eligibility Criteria:
    • 1. Lease Rental Discounting (LRD) can be offered only against the rent received from a commercial property.
    • 2. The maximum tenure we offer is up to 15 years. It depends on the actual tenure offered on the remaining lease.
    • 3. Maximum loan amount can be taken Rs. 50.0 cr. Subject to eligibility from rentals.
    • 4. Up to 90% of the loan amount can be offered as an overdraft and the remaining amount will be a term loan.
    • 5. Equal Monthly Installment is payable on the term loan amount.
    • 6. On Overdraft you need to pay interest due based on the monthly utilization.
    • 7. All Lease Rent Agreement copy.

    • List of Documents Required for Home Loan:
    • Documents for company as an Applicant/Co-Applicant:
      • 1. Business/Company profile.
      • 2. PAN card copy with GSTN copy.
      • 3. Three years complete financials.
      • 4. All loan repayment schedule with sanction letter.
      • 5. Twelve months all major bank account statements.
      • 6. MOA & AOA of company or partnership deed copy.
      • 7. List of directors & share holders list with ca attestation.
      • 8. Property papers copy with complete chain and map copy.
      • 9. All Lease Rent Agreement copy.
      • 10. Netwoth Statement of Company.

    • Director/Partner/Proprietor Documents:
      • 1. Photographs-2
      • 2. PAN card copy with Aadhar Card photocopy.
      • 3. Three years financials/form16/latest 3 months pay slip copy.
      • 4. All loan repayment schedule with sanction letter.
      • 5. Twelve months all saving bank account statements.
      • 6. Netwoth Statement of Directors/Partners.
      • 7. All Lease Rent Agreement copy.

    • Proprietorship Documents:
      • 1. Photographs-2
      • 2. PAN card copy with GSTN Registartion photocopy.
      • 3. Three years complete financials of the firm/proprietor.
      • 4. All loan repayment schedule with sanction letter if any.
      • 5. Twelve months all major bank account statements.
      • 6. Business/Company profile.
      • 7. Networth Statement of Company/Proprietor.
      • 8. All Lease Rent Agreement copy.

     

     

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