About Lease Rent Discounting Scheme
The foremost advantage of owning properties is that they can be leased out when not in use, which results in an additional income for the owner. Moreover, the property can also be used to raise a term loan against the rent, which is called Lease Rent discounting. It is a term loan which is offered against rental receipts of lease contracts that are made with corporate tenants. It is provided on the basis of value of the property and on the discounted value of rentals. The Lease Rent Discount is a feature which exists between the borrower who is the owner of the premise, and the tenant who has either rented it or taken on lease with the help of the Bank. The loan is usually sanctioned to the borrower on the basis of the rent to be collected over the lease period. At Cosmos Bank, we provide customize the loan amount and repayment capacity as per the capabilities and requirements of the customer, and give them a long tenure to fulfill the same.