Lease Rental Discounting

Documents required for all applicants

When you apply for your lease rental discounting, please make sure you keep the following documents handy:


Salaried:

  • Duly filled application
  • Identity proof : (Pan Card / Passport / Ration card / Voter Id Card)
  • Passport size Photographs of all applicants
  • Address Proof
  • Latest form 16 and last 3 months salary slips
  • Last 6 months bank statement of salary account
  • Repayment track record , if any
  • Copy of property papers
  • Copy of lease deed
  • Processing fee cheque

Sole Proprietorship / Partnership / Pvt Ltd Company:

  • Duly filled application
  • Identity proof : (Pan Card / Passport / Ration card / Voter Id Card )
  • Passport size photographs of all applicants
  • Address Proof
  • Last 2 years income tax return of directors / partner
  • Last 12 months bank statement of main operating account of the firm
  • Audited financials
  • Certified copies of MOA /AOA / Partnership deed as applicable
  • Professional qualification certificate , if applicable
  • Repayment track record , if any
  • Copy of property papers
  • Copy of lease deed
  • Processing fee cheque

Procedure

  • Submission of complete application form with photograph.
  • Submission of all required documents as mentioned above.
  • Internal verifications.
  • Personal interview with a bank official.
  • Sanction Letter issued by the bank subject to title clearance and property valuation.
  • Title clearance through our panel advocate.
  • Valuation of property by our panel valuer and inspection of property by bank official.
  • Collection of pre-disbursement documents
  • Loan disbursement
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Eligibility

  • Your eligibility depends on the rental income and the property value.