Lease Rental Discounting (LRD) Loan in Chennai

Click to Apply for Lease Rental Discountig (LRD) Loan in Chennai

 

Lease Rent Discounting (LRD) presents an alternative method for securing financing from banks or other lending institutions. The Lease Rental Discounting loan in Chennai (LRD) arrangement involves three parties: the borrower, who owns the premises, the tenant who leases or rents the said premises, and the bank, financial institute, or corporation involved. Rent is treated as fixed income over a specified lease period or tenure. The agreement is established between the borrower and the lender, with the primary repayment term being that rent payments are directly deposited with the lender rather than the borrower. Based on the projected rent collected throughout the lease, the borrower is granted a loan. Indexia Finance offers Lease Rental Discounting Chennai, providing doorstep services, ensuring convenience. You can conveniently apply online for Lease Rental Discounting in Chennai at the lowest interest rates available.

Required Documents for Lease Rental Discounting in Chennai

To initiate the Lease Rental Discounting process, borrowers and/or guarantors must furnish the following documents to banks or lending institutions. Additional documents may be requested by the bank during the post-sanction phase or periodically.

Address Proof

  • Latest Electricity/Telephone Bill
  • Receipt of Maintenance Charges
  • Valid Passport
  • Voter’s Identity Card
  • Purchase/Lease Deed/ Leave & Licence Agreement of Residence or Office Premises

Identity Proof

  • Valid Passport
  • PAN Card
  • Aadhaar Card
  • Voter’s Card
  • Any other government-issued photo identification

Business Proof

  • VAT/CST Registration No.
  • MIDC Agreement
  • SSI Permanent Registration Certificate
  • Warehouse Receipts
  • Shop & Establishment Act Certificate
  • Copy of Lease Agreement along with the latest Rent paid receipt
  • Business Profile on Company’s Letterhead
  • Partnership deed (for partnership firms)
  • Certificate of incorporation
  • Date of Commencement of Business and Memorandum of Title Deeds
  • Form 32 for Addition or Deletion of Directors (for companies)
  • Last three years’ Trading, Profit & Loss A/c. And Balance Sheets (duly signed by a Chartered Accountant, where applicable)
  • Last year’s Bank statement of the Firm
  • Details of existing loans: sanctioning letter and repayment schedule
  • Firm/Company’s PAN Cards
  • Individual Income Tax Returns of the Individual/Partners/Directors for the last three years
  • Last year’s Bank statement of Individuals, Partners, Directors
  • SEBI formalities (for listed companies)
  • Share Holding pattern of Directors duly certified by a Chartered Accountant
  • List of the Existing Directors of the company from the Registrar of the Companies
  • Written & approved confirmation of having No Legal Suit filed against any of the directors. If any such legal suit or proceedings are pending, then the details of such legal suit or proceeding.