Lease Rent Discounting


To fulfill your business requirements we can assist you financially for different reasons, if you are receiving sizable amount as rent to pay loan EMI. You just need to show your property and rent receipts to take benefit of this facility.

Purpose & Eligibility

  • Purpose:
    • To meet your working capital requirements
    • For any other business purpose
    • Any other purpose acceptable to bank
  • Eligibility :
    • Individual /s
    • Businessmen
    • Firms
    • Limited companies who owns premises (given on rent)

Quantum & Tenure

  • Quantum :
    • Minimum : ₹ 10,00,000/-
    • Maximum : ₹ 1 crore

      (subject to - rent amount receivable (net of tax liability) depending on lease rent, its residual tenure, lock in period & margin requirement)

    • Limited companies who owns premises (given on rent)
  • Tenure :
    • Maximum lock-in period in lease agreement / tenure under CRE : 15 Years


  • Basic Documents :
    • In case of new customer, applicant & guarantors need to open savings / current account
    • Duly signed loan agreement
    • Details of existing on-going loan availed from banks / financial institution
    • Copy of Bank deposits / Life Insurance Policies / Other Investments (if any)
    • Rent agreement of the property against which owner wishes to avail loan facility
    • POA & Letter of Authority for collection of Monthly Rent in favour of Bank.
  • KYC documentation
    • Proof of identity
    • Address proof of applicant
  • Application Form
    • Duly filled & signed loan application form
  • Bank Statement
    • Bank statement for last one year
  • For Salaried individuals :
    • Last 3 months’ – salary slips
    • Form 16 or Income Tax Return
  • If an applicant Is a self-employed individuals :
    • Income tax returns of last 3 years, 26 AS from traces
    • Financial statements including balance sheet, profit & loss account and computation of income for last 3 years
    • Licenses / permissions from competent authorities

    • Chain of all previous title documents (agreements of sale and registration receipts)
    • Share certificate in case of Co-op. Hsg. Society
    • Latest receipt for maintenance charges and property tax payment
    • NOC / No dues certificate from Co-op. Hsg. Society / builder

    • Principal Security :
      • Assignment of Rent Receivable
    • Collateral Security :
      • Mortgage of Immovable property with market value equivalent to the limit.
      • Additional documents from borrower : Undertaking / POA / Authority letter to collect rent receivable.

ROI & Other Conditions

  • ROI :
    • Please click here to know about latest ROI & Service Charges.

    • Applicant has to be a regular shareholder of the bank. The guarantors have to be either a regular member (shareholder) or a nominal member of bank.
    • Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
    • Search report and title clearance report for the property to be obtained from bank’s panel advocate. Professional fees / charges for the same to be borne by the applicant, even if the loan proposal is not sanctioned by the bank.
    • Valuation of the property is to be carried out by bank’s panel valuer. Professional fees / charges for the same to be borne by the applicant even if the loan proposal is not sanctioned by the bank.
    • Insurance premium for mortgaged property for the full tenure of the loan to be borne by the applicant.
    • All conditions stipulated in the advocate’s title clearance report are to be fulfilled before consideration of the loan proposal.
    • Inspection of the property / site will be carried out by bank officials. Applicant has to make necessary arrangements for this.
    • Formalities regarding recording bank’s charge on the property by the builder / co-operative housing society and transfer of share certificate in the name of the applicant / borrower by the co-operative housing society, are to be completed as early as possible. The applicant / borrower has to ensure and take active responsibilities for this.
    • Before disbursement, applicant has to provide margin money and necessary amount to meet all the expenses (as mentioned above). Adequate amount for the purpose is to be deposited in the bank account in advance.