If you own a property, you are liable to earn fixed rentals from the same at regular intervals. With Lease Rental Discounting from Bajaj Finserv, you can now get a loan on the discounted value of rentals and the underlying property value.

If you own a property, you are liable to earn fixed rentals from the same at regular intervals. With Lease Rental Discounting from Bajaj Finserv, you can now get a loan on the discounted value of rentals and the underlying property value.

Benefits of Lease Rental Discounting

Lease rental discounting is a great way to generate funds from owned assets and use them for further investments. Read on to know more about other benefits associated with it:

Part prepayment facility

At times when you have some extra cash in hand, you can choose to pre-pay a part of your loan amount which would in turn reduce your overall tenure/EMIs.

Part prepayment charges will be applicable if you choose to prepay more than 25% of your sanctioned loan amount. However, no charges will be applicable for part prepayments done up to 25% of the loan amount in a financial year. This facility is allowed post clearance of your first EMI. After 48 months there will be no charges. Refer to the table mentioned below:

Entity Part pre-payment amount Time Charges
Individual borrowers Not less than the total of 3 EMIs After 1 month Nil
Non-individual borrowers Less than 25% of sanctioned loan amount After 1 month Nil
More than 25% of sanctioned loan amount Up to 2 years 4% plus applicable taxes on principal outstanding*
From 2 years to 4 years 2% plus applicable taxes on principal outstanding*
After 4 years Nil

*Current principal outstanding and all amounts tendered by the borrower towards prepayment of the facility during the last one year from the date of final prepayment.

Foreclosure facility

You get the option to foreclose your loan anytime during your loan tenure. Foreclosure charges will be applicable if you choose to foreclose your loan within 48 months of taking the loan. After 48 months there will be no charges. Refer to the below mentioned table:

Entity Time Foreclosure charges
Individual borrowers More than 1 month Nil
Non-individual borrowers Up to 2 years 4% plus applicable taxes on principal outstanding*
From 2 years to 4 years 2% plus applicable taxes on principal outstanding*
After 4 years Nil

*Current principal outstanding and all amounts tendered by the borrower towards prepayment of the facility during the last one year from the date of final prepayment.

Flexi saver

As an existing customer, you can avail of the unique Flexi saver facility. Bajaj Finserv is the first non-bank in the country to offer a unique and innovative capability, offering you a combination of Term Loan and Credit Line facility with unique feature to save interest and manage cash flow efficiently.

Online account access

You can view all your loan account details and transact on your loan account on our Customer Portal. Log in with your User ID/ Mobile Number/Email and Password

Customized insurance schemes

Group credit protection plus from Bajaj Allianz

  • Non-Medical Loan & Life Insurance of up to Rs. 100 lakh
  • Level term Plan, which means you are covered for the complete amount despite reduction/ prepayment of loan amount
  • Coverage for the complete tenure of the loan up to a maximum of 30 years

Bajaj Allianz SFSP policy

Bajaj Allianz’ SFSP Policy offers a comprehensive insurance cover for your home (i.e. residential building) against various contingencies to ensure that your prized possession is always safe!

Lease Rental Discounting Eligibility

  • You are an Indian Resident
  • You are at least 25 years of age when the loan is sanctioned
  • The minimum loan amount is Rs.10 crores

Documents required:

  • Application form
  • Photograph of partner/director  
  • Identity proof
  • Signature proof
  • Certificate of incorporation  
  • IT returns & balance sheet & P/L account statement for the last 2 years
  • Bank account statement for the last 6 months 
  • Partnership deed
  • MOA/AOA
  • 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

Up to 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.

Frequently Asked Questions


Q1. What is the minimum and maximum loan amount that I can get from Bajaj Finserv?

A. We offer loan in corporate Lease Rental Discounting from Rs. 10 cr to Rs. 50 cr.


Q2. How do you determine the loan eligibility?

A. We consider the following factors to determine eligibility:

  • Valuation of property (Fair market value) – up to 55% of the value of the commercial property
  • Existing rental from the property being mortgaged – up to 90% of the net rental receipts



Q3. If a property is jointly owned by an individual and his/her relatives, can he/she take a loan against this property?

A. All the co-owners of the considered property need to come in as co-applicants to the loan.


Q4. What will be my approved tenure for my Corporate LRD Loan?

A. The loan can be availed for max tenure of 11 years subject to the residual lease period.


Q5. How can I repay my Loan?

A. Your EMI will be debited from the ESCROW account where the rental amount will be deposited by your lessee.


Q6. On what basis does the internal FRR change?

A. Internal FRR is the benchmark reference rate. This is determined based on the market conditions and the cost of funds for the company. This changes, depending on various external factors and economic conditions.


Q7. How often do Interest rates change?

A. As per our re-pricing policy, interest rates are reviewed every two months and a decision is taken whether to change the interest rates or keep it unchanged.


Q8. I have taken a loan just one month back. How does change in interest rates work for me?

A. As per our internal pricing policy re-pricing policy, interest rates will be changed only for those cases which are at least 3 months old. In your case, change in FRR will not have an immediate impact on interest rate of your loan. However once your loan is 3 months old, any changes in FRR in last 3 months will change your effective rate basis the margin on your loan.

Contact Us

Not yet an existing customer?

Visit a branch, call us on 18001033535 or LRD-SMS 'LAP' to 9773633633

For existing customers

Call our toll free IVR

  • Dial 18001033535
  • Enter your 7-digit Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages: English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam
  • Access all your loan details

Email

Write to us at wecare@bajajfinserv.in to clear all your queries

SMS updates

SMS <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address
UPDEMAIL <New email> to update your email address
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback
SAT Y Give a positive feedback
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit our branch

  • Change of mode of payment (swapping)
  • Purchase/cancellation of insurance policy
  • Foreclosure of loan
  • Refund

To know the address of your nearest branch Click Here.


Customer portal (Experia)

  • Visit www.bajajfinserv.in
  • Select ‘Customer Portal ‘ from the login option
  • Log in with your username/email/mobile number and password
  • Access all loan details
  • Transact on your loan account
  • View special offers

Agreements and T&C

Repricing policy

The floating interest rate for Lease Rental Discounting Loan is linked to the internal Floating Reference Rate. It is the benchmark reference rate for Bajaj Finance Limited and is determined based on the prevalent market conditions and the cost of funds, as the cost of funds reduces/increases or as market conditions change, internal FRR may be increased or reduced. The current FRR is 20% effective 5th September, 2013. Any revision in this rate would impact the interest rate on the floating interest rate loans. The increase/ decrease in the interest rate will by default increase/decrease the loan tenure up to the permissible limit as per BFL norms. In case of an increase in the interest rate, if you want to retain your existing EMI/ tenure, you will have an option of making a part pre payment and keeping your EMI/ Tenure constant. No additional charges would be levied for the same. The communication on the changes (Increase/ decrease) in the rate of interest would be sent by mail.

Proactive repricing policy

During the entire tenure of your loan, under no scenario will your rate of interest exceed by 1.00% over the last quarter average Bajaj Finance acquisition rate. The pricing increase happens only in the scenario of an increase in the Cost of Funds and this policy is being put in place as a proactive measure to ensure that there is no inordinate increase in your loan pricing against new acquisitions and there is always parity for your loan.
If a customer rate of interest exceeds the current BFL last quarter average acquisition rate by 1.00%, then such cases are reviewed every year in April and October and proactive correction is done in the rate by bringing it down to BFL last quarter average acquisition rate + 1.00%. For example if a customer Loan Account rate of interest is 14.50% in April/October v/s our last quarter average acquisition rate of 13.00% then in April / October we will review the same and revise the customer loan account rate of interest downwards equal to BFL last quarter average acquisition rate + 1.00%. i.e. 14.00% without any reduction in BFRR. This is done by increasing the spread / margin between your rate and BFRR.

The pricing increase happens only in the scenario of an increase in BFRR due to increase in our cost of funds and this policy is being put in place as a proactive measure to ensure that there is no inordinate increase in your loan pricing against new acquisitions and there is always reasonable parity between old and new customer rates

Exclusions: Customers who will not be part of this policy:

  • Paid less than 6 EMIs
  • FlexiSaver customers
  • Loan Against Plot customers
  • Loan accounts in which 3 or more EMIs are dishonored in the last 12 months prior to Proactive Repricing day

Loan Accounts with an EMI payment delayed by more than 30 Days during the loan tenure


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