Lease Rental Discounting
Lease Rental Discounting is another means of raising finance for working capital, business expansion, business consolidation etc. It enables the borrower to en-cash the current rental cash flows and avail long term finance against this. Here the rent is a fixed income over a stipulated time i.e. tenure.
The agreement is between the borrower (premise owner) and lender (Financial company) in which the borrower is sanctioned a finance on the rent to be collected over the period of the lease. The finance is based on the discounted value of the rentals and the underlying property value. Now the term of repayment is the rent which is directly deposited with the lender (financial company) and not with the borrower (premise owner).
Rented Real estate property (Commercial/Residential/Industrial) are key in this finance.
Secured finance (hypothecation of rental revenue as collateral).
Quick and easy.
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
Business continuity proof of last 3 years.
Rented Real-estate property.
1 year bank statement of the company.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
3 years balance sheet, P&L with audit report.
Rent agreement document.
3 years I.T.R of the company.
Rental Invoice copy.