Rental Discounting
If you own a commercial property in any prominent locality, or a house rented to reputed personnel, institutions, embassies or you have lease income from your vehicles/machineries etc enjoy the benefit of future rentals today itself. We are at your assistance for offering loan against rent receivables.
Up to 90% of Discounted Value of receivables
Loan amount will not be more than 80% of value of the assets.
Period of loan will be fixed based on unexpired period of lease agreement (Maximum 3 years).
Repayment by monthly/quarterly/half yearly /yearly installments according to the rental receivable date.
- High end cars and heavy machinery dealers, who rented the cars and machinaries to reputed lessees.
- Individuals or companies who has given apartments, office buildings, houses etc. on lease to reputed tenants.
- Assignment of future rent receivables.
- Mortgage / hypothecation of assets leased
a) Documents for Borrower & Guarantor
c) Domiciliation letter from lessee agreeing to pay future rental to uab bank account of the borrower
- Application form
- NRC Copy – Original to verify.
- Recent Passport Size Photo
- Copy of Household Registration Letter
- Recommendation letter from Head of Quarter
c) Domiciliation letter from lessee agreeing to pay future rental to uab bank account of the borrower
| Interest rate | 10.00% p.a |
|---|---|
| Early Repayment fees | 3.00% on prepaid amount ( if paid during the first 2 years of loan period ) |
| 2.00% on prepaid amount ( if paid during the third year of loan period ) | |
| 1.00% on prepaid amount ( if paid after 3 years of loan period ) |