LEASE RENTAL
DISCOUNTING

Lease Rental Discounting

Features & Benifits

Make your loan simpler with Credit Express to create unique and compelling propositions that help you do what you always wanted to do. Hereunder are a host of unique features and benefits that you enjoy with Lease Rental Discounting Loan. Most of these features are industry firsts and come only with our portfolio of offerings. Read on to know more:

You can prepay any amount per prepay transaction, not less than 3 EMIs. There is no limit on the maximum amount per prepayment. This is subject to your clearing your first EMI.

You can choose to foreclose your loan any time during your loan tenure without paying any foreclosure charges. This is subject to clearing your first EMI.

View all your loan account information like repayment track, interest certificate, payment schedule and transact on your account on our Customer Portal - Experia. Log in with your Username/Email/Mobile Number and Password from wherever you are and access your loan account details.

Eligibility and Documents

Documents

  • Application form
  • Photograph
  • Identity proof
  • Signature proof
  • Date of birth proof
  • IT Returns & Balance Sheet & P/L Account Statement for the last 2 years
  • Bank account statement for the last 6 months
  • Lease Deed/ Leave and License Agreement
 

Kindly note that the list of documents mentioned is indicative. During the loan process, additional documents may be asked for. The same will be appropriately communicated to you as and when required.

Fees and Charges

Processing Fees Upto 2% of the loan amount
Loan Statement charges Nil
Interest and Principle Statement charges Nil
PDC Swap charges Nil
EMI Bounce charges Rs.1000 for every bounce
Penal Interest 2% p. m.
Foreclosure charges Nil
Part Prepayment charges Nil