Indiabulls Lease Rental Discounting

Indiabulls is one of the foremost non banking financial institutions. It started its operation in late 2004 with consumer loans. Indiabulls has a strong presence in real estate and financial services with a net worth of Rs 13,394 crore.

Robust professionalism and transparency makes Indiabulls, the third largest housing finance company in India. Moreover, the loan can be sanctioned in 48 hours and also their tie up with 5500 residential projects brings it more credibility. They are spread over 100 towns and cities across India. They work on technology driven customer satisfaction programme allowing them to work without any glitch. One can get quick approval for Lease Rental Discounting through LoanStreet.

Minimum Threshold For Indiabulls LRD Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
 
Documentation Required For Application Of Indiabulls LRD

Generally all lenders follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
  4. Registered Lease Rental Agreement
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
 
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
 
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
 
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
 
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
 
Indiabulls LRD Interest Rate
Rate of Interest 12- 14 %
Loan Tenure 1 year to 15 years
Processing Fees 1.5% of the loan amount + Service tax as applicable
Foreclosure Charges 4% of the outstanding amount + applicable Taxes
Unique Features Of Indiabulls LRD

Indiabulls is a highly reputed private financing company. The objective of Indiabulls is ensuring that every Indian gets his/her dream fulfilled. Such a vision has made it well equipped to have a high success rate of disbursements.

  • The loan amount can be availed up to 65 % of the market value of the property.
  • Minimum loan amount is Rs 10 lakhs
  • Maximum loan tenure is 15 years
  • There is no upper limit on the maximum loan amount