Axis Bank

Lease Rental Discounting


Having a rental income from commercial property leased out to reputed corporate or Public Sector Units or Banks or Insurance Companies. This product is designed to meet the bona-fide term credit needs of property owners having contracted rental inflows. The product offering involves discounting the future receivables and providing an upfront loan to the landlord, thus extending immediate liquidity against prospective inflows. It is an EMI based term loan.
Lease Rental Discounting (LRD):
All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower

Eligible entities are Proprietors, Partnerships, Private Ltd. Companies, Trusts and societies.
Flexible EMI based repayment based on registered lease agreement.
Attractive market related interest rates.
Fast processing and quick disbursement.

ELIGIBILITY

Salaried Individuals:
• Any individual who is in permanent service in government or a reputed company
• The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation
Professionals:
• Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
• The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
Self-employed Individuals:
• Any individual filing Income Tax returns can apply
• The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturi

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