Lease Rental Discounting

Purpose

To meet borrower’s liquidity mismatch (Proceeds of loan amount not to be used for any speculative purposes, whatsoever, including speculation on real estate and equity shares). A Certificate regarding the end use of funds should be obtained stating that the funds will be utilised for the purposes required in the usual course of business and not utilised for speculative, real estate purposes.

Features

Type of Facility : Term Loan

Target Group : All MSME Units along with Individuals which are owners of Residential & Commercial Properties let out on Rent

Quantum of loan (Min/Max)

Min: Rs. 10 lacs

Max: Rs. 50 Cr for NBG; 500 Cr for MCG

Scale of Finance :

i.Lowest of:

a. 95 % of Net Present Value (NPV) of net rent receivables as per 1 yr MCLR OR

b. 70% of realizable value of the property mortgaged OR

c. Upto Rs.50 crore: 70% of net rent receivable for the residual lease period including the period covered under one renewal or loan tenor, whichever is less

Above Rs.50 crore: 75% of net rent receivable for the residual lease period including period covered under renewal clause or loan tenor, whichever is less

Pricing : Competitive Pricing Linked to MCLR

Repayment Period Repayment of loan should be through EMI. An escrow account should invariably be opened with our Bank for credit of rentals against which the loan is sanctioned.

Processing Fee/Upfront Fee : As per extant instructions

Our Esteemed Clients

altec audio pvt ltd
dev IT consulting
Excellimatrics Private Limited, Noida
horizon buildcon
Jindal Green Technologies
RTC Industries Private Limited, New Delhi.
Breakson (OPC) Private Limited, new delhi
First Handle Private Limited, Noida
warp speed tech
Star Paper Mills Limited
scenic developers
gupta polymers
freightronics
dot com pharma
chanan devi agrawal
mihama
sky energy
ikris pharma