Who We Are
Lease Rental Discounting Loan Overview
Loan on Lease Rental
If you own a property, you are liable to earn fixed rentals from the same at regular intervals. With Lease Rental Discounting from Nitstone Finserv, you can now get a loan on the discounted value of rentals and the underlying property value.
Tenure
Lease rental discounting is a great way to generate funds from owned assets and use them for further investments. Leasing is done for a specific period of time. Lease agreement should not be less than 6 month old.
Benefits & Features
Foreclosure facility
You get the option to foreclose your loan anytime during your loan tenure. Foreclosure charges will be applicable if you choose to foreclose your loan within 48 months of taking the loan. After 48 months there will be no charges.
Online Account Access
You can view all your loan account details and transact on your loan account on our Customer Portal. Log in with your User ID/ Mobile Number/Email and Password
Part prepayment facility
At times when you have some extra cash in hand, you can choose to pre-pay a part of your loan amount which would in turn reduce your overall tenure/EMIs.
Part prepayment charges will be applicable if you choose to prepay more than 25% of your sanctioned loan amount. However, no charges will be applicable for part prepayments done up to 25% of the loan amount in a financial year. This facility is allowed post clearance of your first EMI.
Flexi saver
As an existing customer, you can avail of the unique Flexi saver facility. Nitstone Finserv is the first non-bank in the country to offer a unique and innovative capability, offering you a combination of Term Loan and Credit Line facility with unique feature to save interest and manage cash flow efficiently.
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 go to our online form. Fill in detail and submit the form.
Step 2
Get an instant approval. Select your required loan amount and tenure.
Step 3
Our representative will get in touch to collect your documents.
Step 4
Amount will be credited to your account.
Fees & Charges
| Types of fees | Charges applicable |
|---|---|
| Processing fees | Up to 2% of the loan amount |
| Loan statement charges | NIL |
| Interest and principle statement charges | NIL |
| PDC swap charges | NIL |
| EMI bounce charges | Rs.1000 for every bounce |
| Penal interest | 2% p. m. |
Foreclosure charges
| Borrower Type: Interest Type | Time Period (Months) |
Foreclosure charges |
|---|---|---|
| NA | >1 | 4% plus applicable taxes on principal outstanding * |
- Foreclosure: charges will be applicable on the current principal outstanding.
- Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding.
Part prepayment charges
| Borrower Type: Interest Type | Time Period (Months) |
Part payment charges |
|---|---|---|
| NA | >1 | 2% plus applicable taxes on part payment amount paid |
- Part payment made should be more than 1 EMI
- Nil part payment charges for flexi