Lease Rent Discount (LRD) is another method to obtain finance from bank or other lending institutes. Lease Rent Discount (LRD) consideration is between the borrower who owns the premises, the tenant who has rented the said premises or taken on lease and the bank or financial institute or Corporate. The rent is considered as fixed income over a stipulated time ie. Lease or rent period or tenure. The agreement is between the borrower and lender and the major term of repayment is the rent is directly deposited with the lender and not with the borrower. The Borrower is sanctioned a loan based upon the rent to be collected over the period of lease. Indexia Finance provides Lease Rental Discounting Chennai, it means we provide a Lease Rental Discounting Loan in Chennai for your doorstep facility, as now the right bank will come to your doorstep. You can apply online for Lease Rental Discounting in Chennai at lowest rate of interest.
Required Documents for Lease Rental Discounting Chennai
The borrower and/or the guarantors have to provide the following documents for Lease Rental Discounting Chennai to the banks or the lending institutions while submitting the Lease Rent Discount Loan Application. Certain documents for Lease Rental Discounting Chennai may be demanded by the bank for or the lending institutions in post sanction phase or on periodical basis.
Latest Electricity/Telephone Bill or
Receipt of Maintenance Charges or
Valid Passport or
Voter’s Identity Card or
Purchase/Lease Deed/ Leave & License Agreement of Residence or Office Premises
Any other photo identification issued by Government Agencies.
VAT/CST Registration No.
SSI Permanent Registration Certificate
Shop & Establishment Act Certificate
Copy of Lease Agreement along with the latest Rent paid Receipt.
Business Profile on Company’s Letterhead
Partnership deed in case of partnership firms
Certificate of incorporation
Date of Commencement of Business and Memorandum of Title Deeds
Form 32 for Addition or Deletion of Directors in case of companies
Last three years’ Trading, Profit & Loss A/c. and Balance Sheets (duly signed by a Chartered Accountant wherever applicable)
Last one year’s Bank statement of the Firm
If existing loan, then sanctioning letter and repayment schedule of the same
Firm/Company’s PAN Cards
Individual Income Tax Returns of the Individual/Partners/Directors for last three years
Last one year’s Bank statement of Individuals, Partners, Directors
SEBI formalities in case of 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.