Owing to the rise of businesses in the country, there are several options available for loans in the Indian Debt Market. Lease rental discounting is one of such loans. Despite the fact that rented property is a steady source of income, the providers of the loan are quite limited. The lease rental discounting loan is acquired for several purposes such as starting a new business, investing in another property, personal reasons and others.
It is a term loan that is provided to the borrower based on their income from the rented property. A major aspect that affects the lease rental discounting loan is the availability of rent receipts from the tenants or any other relevant proof of receiving rent. Although, there are several other factors that matter when obtaining a lease rental discounting loan.
The eligibility criteria for the loan differ from organization to organization. There are certain factors as well that will affect the eligibility criteria for the loan. A few of the general parameters are listed as follows:
At the time of application, there are a few things that must be kept in mind by the applicant. Some major pointers are listed as follows:
When you are applying for a lease rental discounting loan, there are several documents that are required by the lending institution. These documents can also vary from case to case as well. A list of important documents is given as follows:
Note: The application must be signed by all the directors of the board if the loan is being taken for the firm.
The financial institutions that participate in providing such are plenty. However, what makes Terkar Capital stand out is the support and the hassle-free service that we have rendered over the years. We have successfully sanctioned lease rental discounting loan for the fitted candidates and have supported them throughout the process.
If you have any questions, please do not hesitate to ask us. Please also call us or email us before visiting to make sure that you will be served with our best services.
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