Lease Rental Discounting is a product wherein the Lessor (The owner of the property) gets his Rentals discounted from a Financer and gets a Lump Sum amount paid upfront, minus the Interest payable to the financer.
The amount of Loan will largely depend upon the type of Lesse, the type of Property, current market trends and the financials of the Lessor.
The documents are:
It varies from case to case, but a TAT of 15 days to a Month can be considered.
Typically, LRD can be done for a perios upto 10 years, while there are financial institutions offering a period of 15 years too.
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