Lease Rental Discounting in Mumbai

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Lease Rental Discounting in Mumbai: Unlocking Your Property’s Value

In the dynamic city of Mumbai, where real estate is a valuable asset, maximizing the potential of your property becomes crucial. At Indexia Finance, we understand the significance of your property’s value, and our offerings for the best lease rental discounting in Mumbai are crafted to unlock the financial potential of your leased property.

Overview of Lease Rent Discounting:

• LRD is a valuable method for obtaining finance from banks or other lending institutes.
• Involves a triangular relationship among the borrower (premises owner), tenant (leasing party), and the bank, financial institute, or corporate entity.
• Rent serves as a fixed income over a specified lease period, crucial in this financial arrangement.
• The agreement dictates that rent is directly deposited with the lender, not the borrower.
• Borrowers secure loan based on the projected rent collection over the lease period.

Indexia Finance’s Role: Bringing LRD to Your Doorstep in Mumbai:

• Indexia Finance provides Lease Rental Discounting in Mumbai.
• Offers the convenience of doorstep service, ensuring the right bank comes to you.

Lease Rent: A Comprehensive Process

Process Overview:

1. Personal Interview/Discussion:
   • Conducted by the bank’s officials with customers.
2. Field Investigation:
   • The bank’s team visits the applicant’s business or workplace.
3. Document Verification:
   • All submitted documents are verified against the originals.
4. CIBIL Verification:
   • Cross-referencing the applicant’s track record with the common information sharing bureau (CIBIL).
5. Project Analysis (For Fresh Projects):
   • Background analysis of the applicant/firm/company, technical feasibility, financial viability, and market conditions.
6. Sanction Submission:
   • The file is submitted for sanction to the appropriate authority based on project size.

Lease Rental Discounting Process

Sanction And Disbursement:

Sanction Letter and Acceptance:

1. Sanction Letter Issuance:
   • The bank issues a detailed sanction letter outlining terms and conditions.
2. Applicant Acceptance:
   • The applicant confirms acceptance of the terms specified in the sanction letter.

Processing Charges and Documentation:

1. Processing Charges Payment:
   • Applicants pay processing charges as specified by the bank to proceed.
2. Documentation Procedure:
   • Involves obtaining a legal opinion on property documents and valuation reports.
   • Submission of original documents confirming title to immovable assets.

Loan Disbursement:

• Occurs after the Legal Department certifies the correctness of executed documents.

Indexia Finance takes pride in being the leading best lease rental discounting provider in Mumbai. Apply online for lease rental discounting in Mumbai at www.indexiafinance.com.

Required Documents

The borrower and/or the guarantors have to provide the following documents for lease rental discounting Mumbai to the banks or the lending institutions while submitting the Lease Rent Discount Loan Application. Certain documents may be demanded for lease rental discounting Mumbai by the bank or the lending institutions in the post-sanction phase or on a periodical basis.

Address Proof

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

Identity Proof

• Valid Passport
• PAN Card
• Aadhaar Card
• Voter’s Card
• Any other photo identification issued by Government Agencies.

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 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 year’s Bank statement of the Firm
• If the existing loan is, then the sanctioning letter and repayment schedule of the same
• 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 in the 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.