Lease Rental Discounting Interest Rates, Processing Fees, and Charges

Check the fees and charges applicable before applying for a lease rental discounting.

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Applicable fees and charges

We advise you to read about our fees and charges thoroughly before applying.

Type of fee

Applicable charges
Rate of interest (floating) 9% to 12% per annum

Processing fees

Up to 2.36% of the loan amount (inclusive of applicable taxes)

Documentation charges

Up to Rs. 2,360 (inclusive of applicable taxes)

Flexi Facility Charge

Term Loan: Not applicable

Flexi variant (as applicable below) - (Inclusive of applicable taxes):

Flexi Term Loan (Flexi dropline):

  • Up to Rs. 999 for loan amount less than Rs. 50,00,000
  • Up to Rs. 1,999 for loan amount between Rs. 50,00,000 and Rs. 74,99,999
  • Up to Rs. 1,999 for loan amount between Rs. 75,00,000 and Rs. 99,99,999
  • Up to Rs. 2,999 for loan amount between Rs. 1,00,00,000 and Rs. 2,49,99,999
  • Up to Rs. 3,999 for loan amount between Rs. 2,50,00,000 and Rs. 4,99,99,999
  • Up to Rs. 4,999 for loan amount between Rs. 5,00,00,000 and Rs. 7,49,99,999
  • Up to Rs. 5,999 for loan amount Rs. 7,50,00,000 and above

Flexi Hybrid Term Loan:

  • Up to Rs. 5,999 for loan amount less than Rs. 50,00,000
  • Up to Rs. 11,999 for loan amount between Rs. 50,00,000 and Rs. 74,99,999
  • Up to Rs. 14,999 for loan amount between Rs. 75,00,000 and Rs. 99,99,999
  • Up to Rs. 19,999 for loan amount between Rs. 1,00,00,000 and Rs. 2,49,99,999
  • Up to Rs. 21,999 for loan amount between Rs. 2,50,00,000 and Rs. 4,99,99,999
  • Up to Rs. 25,999 for loan amount between Rs. 5,00,00,000 and Rs. 7,49,99,999
  • Up to Rs. 29,999 for loan amount Rs. 7,50,00,000 and above

Will be deducted upfront from loan amount.

*Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.

Pre-payment charges

Full pre-payment/Foreclosure

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Term Loan: Not applicable

Part pre-payment

Term Loan: Up to 2.36% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
Not Applicable for Flexi Term (Dropline) Loan

Note: If all borrowers and co-borrowers are Individual, loan availed on floating interest rates, and loan taken for purpose other than business use, then there will be no foreclosure/part-payment charges.

Bounce charges

Rs. 1500/- per bounce.
“Bounce Charges” shall mean charges levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.
Repossession Charges
 Recovery of charges

Penal Charge

Penal charge is applicable in the following scenarios:

• Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum the per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws

Mortgage origination fees

Up to Rs. 6,000/- per property (Inclusive of applicable taxes).

* In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount.
Commitment fee Maximum up to total PF amount.


**The option of switching from floating to fixed rate of interest and vice versa would be applicable only to Borrowers whose loan qualify as personal loan as per RBI circular on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans- RBI/2023-24/55-DOR.MCS.REC.32/01.01.003/2023-24.
Personal loans refers to loans given to individuals and consist of (a) consumer credit, (b) education loan, (c) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), and (d) loans given for investment in financial assets (shares, debentures, etc.).
Further, Consumer credit refers to the loans given to individuals, which consists of (a) loans for consumer durables, (b) credit card receivables, (c) auto loans (other than loans for commercial use), (d) personal loans secured by gold, gold jewellery, immovable property, fixed deposits (including FCNR(B)), shares and bonds, etc., (other than for business / commercial purposes), (e) personal loans to professionals (excluding loans for business purposes), and (f) loans given for other consumptions purposes (e.g., social ceremonies, etc.). However, it excludes (a) education loans, (b) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), (c) loans given for investment in financial assets (shares, debentures, etc.), and (d) consumption loans given to farmers under KCC. For risk weighting purposes under the Capital Adequacy Framework, the extant regulatory guidelines will be applicable. (as defined in XBRL Returns – Harmonization of Banking Statistics-RBI/2017-18/117-DBR.No.BP.BC.99/08.13.100/2017-18)

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Step-by-step guide to apply for a lease rental discounting

  1. Visit our official site and click on the APPLY option.
  2. Fill in the application form with the required details.
  3. Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you to guide you through the next steps.