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Particulars
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Scheme Details
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Type of facility
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Discounting of Rental receivables as per Master Rental Agreement.
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Target customers-
Lessors
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a. Asset leasing companies/entities with an existence of minimum 3 years.
b. Minimum net worth of Rs.1.00 crores
c. Minimum lease receivables of Rs.100.00 crores as per latest available AFS/CA certified
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Factoring limit
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Minimum factoring limit-Rs 5.00 crores
Maximum factoring limit-Rs 20.00 crores
The eligible loan amount depends on the Master Rental Agreements, method of assessment etc.
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Primary security
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a. Assignment of rental receivables on exclusive basis.
b. Hypothecation of equipment / assets rented to lessee on exclusive basis.
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Tenor
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As per lease agreement subject to a maximum of period of 5 years.
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Rate of Interest
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Rating of Lessee
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Rate of Interest
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AAA
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91 day T-bill +3.11%
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AA
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91 day T-bill +3.61%
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A
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91 day T-bill +4.11%
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Rate of interest is fixed for the entire tenor of the facility
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Processing/upfront fees
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1% of the loan amount
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Documents from lessee
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- Audited financial statement for 3 years
- Provisional financials
- CMA covering the repayment period
- Debt profile of entity
- 6-month account statement
- 6 -months GST return statement
- Share holding pattern
- KYC documents
- All other necessary documents required for assessment
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Facility for assets
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Finance for new assets
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