The rent you earn would also get you a loan
Lease Rent Discounting
Lease Rental Discounting in Bangalore. LRD or Lease Rental Discounting is a term loan provided against receipts derived from lease contracts with tenants. The loan is provided to the lessor based on the discounted value of the rentals as well as the inherent property value. It’s another process to obtain finance from a bank or other financial institute or institutes that are committing. Lease Rent Discount consideration is between the debtor that own the premises, the tenant who has leased the said premises or taken on lease as well as the bank or financial institute or Corporate Enterprise. The rent is considered as fixed income over a stipulated time called Lease period or duration of lease agreement.
The agreement is between the lender and borrower and the significant term of repayment would be the rent that is directly deposited with the lender and not with the debtor. The Borrower is sanctioned a loan based upon the rent to be accumulated over the period of lease.
The agreement is between the lender and borrower and the significant term of repayment would be the rent that is directly deposited with the lender and not with the debtor. The Borrower is sanctioned a loan based upon the rent to be accumulated over the period of lease.
Documentation
- Completed Home Loan application form
- One Passport size photograph
- Copy of PAN Card
- Proof of identify (Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Proof of Residence(Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Income tax Returns for the last 3 financial Years
- Computation of Income, Profit & Loss A/c, Balance Sheet, Schedules and Tax Audit reports for the last 3 financial Years attested by C.A.
- Bank Statement for last 1 year having the Rental Credits
- Loan Statements (if any)
- Business Proof (GST Reg/MSME Reg/Firm Reg/Incorporation Certificate)
- Rental Agreements
Why Us
Why People Choose Us
At Paisemart, we truly believe in the values of honesty and transparency. Our customers are the centre of our universe. Our priority is to keep our loan products simple, to ensure transparency, and to demonstrate an unwavering commitment to our customers.
MULTIPLE CHOICE
Various Bank’s loan products offered by Paisemart under one roof, helps you save time and choose the best option.
EXPERT TEAM
Team Paisemart backed with strong knowledge on product and vast experience in the industry will guide you throughout the loan process.
TRANSPARENCY
Clear communication on interest rates, documentation and loan process keeps you away from unpleasant surprises.
RELIABLE
No false assurance, No wrong commitment, No additional cost, only Expert Advise and Professional Services for you.
LONG TERM SUPPORT
Customer service is extended not just during loan processing rather you get support till the loan closure.
QUICK DISBURSEMENT
The optimum use of Technology, Team and efficient System makes your loan processed faster.