Lease Rental Discounting - Axis Bank
Lease Rental Discounting - Axis Bank
Lease Rental Discounting - Axis Bank
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Facility <strong>Lease</strong> <strong>Rental</strong> <strong>Discounting</strong><br />
Facility Amount<br />
Rupees: (In figures)<br />
Tenor in years<br />
18<br />
E-Mail Address: E-Mail Address:<br />
Rupees: (In words)<br />
Service Fee<br />
Prepayment charges 2% in case of takeover/refinance/ prepayment of more than _% of the<br />
outstanding)<br />
_________ % p.a floating_________ % p.a<br />
floating<br />
Interest Rate<br />
Penal/ Default Interest Rate<br />
Periodicity of Interest<br />
Compounding<br />
________ % p.a _________ % p.a<br />
Monthly/ Quarterly/ Half Yearly/ yearly<br />
Cheque Return charges Rs._______________ per cheque return<br />
Periodicity of Credit<br />
to _________ Account<br />
Repayments received in the account during a month shall be given effect<br />
to:<br />
Before the end of the month in which it is received/On the 5th / 20th of the<br />
month following the month in which it is received<br />
Repayment Terms<br />
Repayable according to the Tenor by monthly Equated Monthly<br />
Installment (EMI)<br />
as stated below<br />
Monthly Repayment Rupees: (In figures) Rupees: (In figures)<br />
(EMI) Amount Rupees: (In words) Rupees: (In words)<br />
Credit Effect Interval: Monthly/ Annual Monthly/ Annual<br />
PRE-EMI Interest Date ………of every month till the commencement of EMI<br />
EMI Payment Dates ………of every month<br />
FIRST EMI Date<br />
Disbursement<br />
Security<br />
By direct single payment / part payments in favour<br />
of _________________ the previous lender/ borrower<br />
Specify Such security (including mortgage) as the bank may from<br />
time to time require in the form<br />
and substance acceptable to the <strong>Bank</strong> as per Sanction letter
Change language