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Lease Rental Discounting

We get the added benefit of the properties given on lease to credible companies by getting the funds from banks and NBFC’s against future rent receivables at a very competitive rate of interest and can use it either on your business or on acquiring new properties or any other use.

In this the EMI is restricted to the monthly rent received. Also the repayment period is restricted to the balance period of lease of that property

Documents Required for Lease Rental Discounting

Sr. No For Salaried Individuals Self Employed Individuals having
    Proprietorship Firm Partnership Firm Private Limited and Limited Company
KYC Documents
1 PAN Card PAN Card PAN Card PAN Card
2 Aadhar Card Aadhar Card Aadhar Card Aadhar Card
3 Current resident address proof Current resident address proof Current resident address proof Current resident address proof
4 Appointment letter Office Address Proof Office Address Proof Office Address Proof
5 Office ID card GST Registration Certificate GST Registration Certificate GST Registration Certificate
6     Partnership Deed MOA and AOA
7     List of partners and shareholding pattern onletter head List of Directors and Shareholding pattern on letter head
Income Documents
1 Salary Slip – 6 months GST Returns – 1 Year GST Returns – 1 Year GST Returns – 1 Year
2 Form 16 - 2 years Income Tax Returns – 3 years Income Tax Returns – 3 years Income Tax Returns – 3 years
3 Bank Statement – 1 year Bank Statement – 1 year Bank Statement – 1 year Bank Statement – 1 year
Additional Documents Generally Required
1 Existing loan – Sanction letter (if any) Existing loan – Sanction letter (if any) Existing loan – Sanction letter (if any) Existing loan – Sanction letter (if any)
2 Rent Agreement Rent Agreement Rent Agreement Rent Agreement

Property Papers Required

Sr. No Document
1 Sale Agreement or Sale Deed with Registration Receipt, Stamp Duty, Index II
2 Chain of Agreement with Registration Receipt, Stamp Duty, Index II
This is required is there are resale transactions
3 Share Certificate
4 Occupancy Certificate ( OC )
5 Commence Certificate ( CC )
6 Approved Building Plans
7 Building Completion Certificate
8 Society Registration Certificate
9 Tax Paid Challan
10 Society Maintenance Receipt
Note: - As there are different properties types like residential, commercial, industrial, etc. Property documents required will always change based on type of property and location at which the property is located. We have just given the general list of property documents.
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