Lease Rental Discounting (LRD) is a term loan offered against rental receipts derived from lease contracts with corporate tenants. In Lease Rental Discounting loan is provided to the lesser based on the discounted value of the rentals and the underlying property value.

Being a property owner, you earn fixed rentals from your property investments at periodic intervals. But with Lease Rental Discounting Services, you have an opportunity to get these rentals in a lump sum amount at attractive discount rates. You can then utilize these funds to generate further assets, which can yield higher returns. Furthermore, these funds can also be deployed for the expansion of your business activities.

It is another method to obtain finance from bank or other financial institute or lending institutes. Lease Rent Discounting (LRD) consideration is between the borrower who owns the premises, the tenant who has rented the said premises or taken on lease and the bank or financial institute or Corporate. The rent is considered as fixed income over a stipulated time i.e. Lease or rent period or tenure. The agreement is between the borrower and lender and the major term of repayment is the rent which is directly deposited with the lender and not with the borrower. In Lease Rent Discount (LRD) the borrower is sanctioned a loan based upon the rent to be collected over the period of lease.

• Our expertise to get u the right Banks / Institute to fulfill your requirement
• Loan tenor up to the lease tenure.
• Attractive Rate of Interest.
• Loan transfer from other banks + Top up
• Property should be occupied by the Lessee.
• Residential and commercial properties accepted as collateral.
• Credit worthiness of the lessee in terms of rent paying capacity.
• Minimum/Hassle free Documentation.
• Convenience of doorstep service.

There are several steps in the LEASE RENTAL DISCOUNT process. Here are the steps in brief:

• Application form & Document Submission
• Cibil report check
• Residence verfication
• Office
• Eligibility calculation
• Technical & Valuation
• Personal Discussion
• Credit Decision
• Offer Letter
• Submission of Property documents & legal check
• Registration of property documents
• Signing of agreements and submitting post-dated cheque
• Disbursement

SELF EMPLOYED INDIVIDUAL

• An Indian Resident
• You should be in business for a minimum of 3 years.
• You should be self employed Minimum 24 to maximum 65 years of age.
• Your current place of residence should be occupied for a minimum of 3 years in the city.
• You should have residence or office owned
• Registered Lease Document

SELF EMPLOYED PROFESSIONAL

• An Indian Resident
• You should be in business for a minimum of 3 years.
• You should be self employed Minimum 24 to maximum 65 years of age.
• Your current place of residence should be occupied for a minimum of 3 years in the city.
• You should have residence or office owned
• Registered Lease Document

To qualify for a Lease Rental Discount, most of the lending institutions in India require you to be:

Documents	Salaried	Self Employed Properitorship Firm	Self Employed Partnership Firm	Self Employed Pvt Ltd / Ltd
Application Form With Photograph Duly Signed
Clear Pancard Copy, (Applicant & Co-Applicant)
Latest Residence proof (Applicant & Co-Applicant)
Latest Office Proof (Applicant & Co-Applicant)
Last 3 Months Salary-Slips
Last 12 Months Bank Statements
Processing Fee Cheque
GST Certificate & GST 3b Copy Last 1yrs
Form 16 / Income Tax Returns Of Last 3 Yrs
All Loan Sanction Letter If Any
Business Profile
Proof Of Business Existence ( Gumasta License , Sales Tax Certificate , Form 26AS , )
Last 3 Years ITR with CA Certified / Audited Balance Sheet And Profit & Loss Account
MOA /AOA
Partnership Deed
Company Pancard Clear Copy
Shareholding Pattern On Letterhead
Sundry Debtor & Creditor List Last 1year
Property Papers ( Chain Of Agreement, OC, CC, BMC Approved Plan & Share Certificate Front and back copy,Society NOC) / Draft Agreement, Cost Sheets.

Equated Monthly Installment - EMI for short - is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won't change, the proportion of principal and interest components will change with time. With each successive payment, you'll pay more towards the principal and less in interest.

In EMI calculator you will be able to analysis the total output of interest you will be paying. In this mechanism you will be able to know the total EMI paid and the interest payable. In EMI Calculator you can also come to know how much interest you will be paying throughout the tenure. To work effectively on EMI Calculator you must be aware of the Loan Amount and the rate of interest. In EMI calculator you will come to know the total interest paid at the end of the Loan tenure.

If you are not satisfied with the calculator output please call us for a personalized solution for your requirement.

Important information

All applications for credit are subject to Banks normal credit approval criteria. Terms and conditions are available on application of every bank in which loan will be applied.

This is an estimate and it is provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote. To apply for a loan you must complete an application.

The repayment amount and total interest payable excludes Processing fees and Mortgage Insurance / Life Insurance.

If a Variable Rate Loan is selected, the interest rate will be subject to market change throughout the term of the Loan.

Results are based on amortised scheduled repayments and, once any discount or fixed rate period expires, the current variable rate or the variable rate is applied for the remainder of the loan term (unless another fixed rate period is taken).

Creative Finserve will not store the information provided in this calculator.