Who We Are
Lease Rental Discounting Loan Overview
Loan on Lease Rental
If you own a property, you may receive fixed rentals at set intervals. With Lease Rental Discounting from Nitstone Finserv, you can apply for a loan based on the discounted value of rentals and the underlying property, subject to assessment.
Tenure
Lease rental discounting helps generate funds from owned assets for planned financial needs. Leasing is done for a defined period. The lease agreement should be at least 6 months old for evaluation.
Benefits & Features
Foreclosure facility
You may foreclose your loan during the loan tenure as per policy. Foreclosure charges apply if you choose to foreclose within 48 months of the loan. After 48 months, foreclosure is processed without charges.
Online Account Access
You can view your loan details and access your account through our Customer Portal. Log in using your User ID, Mobile Number, Email or Password.
Part prepayment facility
If you wish to pre-pay a part of your loan amount, you can do so based on policy conditions. Part prepayment charges apply for payments above 25% of the sanctioned amount. No charges apply for part prepayments up to 25% of the loan amount in a financial year after the first EMI.
Eligibility & Documents
Lease Rental Discounting Eligibility
- You are an Indian Resident
- You are at least 25 years of age when the loan is sanctioned
- The minimum loan amount is Rs.10 crores
Documents required:
- Application form
- Photograph of partner/director
- Identity proof
- Signature proof
- Certificate of incorporation
- IT returns & balance sheet & P/L account statement for the last 2 years
- Bank account statement for the last 6 months
- Partnership deed
- MOA/AOA
- Lease deed/ Leave and license agreement
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 3
Provide the required documents for verification.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 4
Loan processing will proceed according to standard verification and approval procedures.
Fees & Charges
|
Types of fees |
Charges applicable |
|---|---|
|
Interest Rate |
16 % to 25 % |
|
EMI Bounce Charges |
INR 100+ GST for every bounce |
| Processing Fee |
1 % to 2 % on Loan Amount |
|
Part Prepayment |
1 % on the paid part payment amount |
|
Foreclosure Charge |
1 % on principal outstanding |
| Penalty charges |
INR 500+ GST |
| Convenience Charges |
INR 2000 |
- Foreclosure: charges will be applicable on the current principal outstanding.
-
Part payment made should be more than 1 EMI.