Rent2Buy - How it works

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Module 1 (Rent & Buy)

Pay rent with buying option at pre agreed cost of asset, at time of sale agreement payment to be made as per pre agreed value.

 

Example:

Asset cost:                             36,00,000/-

Rent:                                     24,000/- (varies from product to product)

Rent escalation YoY:                10%

Rent paid:                              36 Month

Agreement to sale value:         36,00,000/- (after 36 month or more)

 

 

Module 2 (Lesser Rent & Buy)

Pay noninterest bearing refundable deposit of 11 month rent, Pay rent with buying option at pre agreed cost of asset, at time of sale agreement payment to be made as per pre agreed value.

 

Example:

Asset cost:                             36,00,000/-

Refundable deposit:                 2,31,000/-

Rent:                                     21,000/- (varies from product to product)  

Rent escalation YoY:                 10%

Rent paid:                              36 Month

Agreement to sale value:          36,00,000/- (after 36 month or more)

 

 

Module 3 (Rent & Reserve accumulation)

Down payment towards the buying of asset, Pay rent with buying option at pre agreed cost of asset, at time of sale agreement remaining payment after deducting the down payment, to be made as per pre agreed value, (optional) a part of the rent goes to reserve accumulation at the time of sale agreement the remaining payment i.e. down payment + reserve accumulation ?pre agreed cost of asset to be paid.

 

Example:

Asset cost:                         36,00,000/-

Down payment:                  3,60,000/-      @ 10%

Rent:                                 21,600/-(varies from product to product)

Reserve:                             5,400/- (per Month)(optional)

Rent escalation YoY:             10%

Rent paid:                          36 Month

Agreement to sale value:     36,00,000/- Down Payment- Reserve Amount

 

 

P.s Note: - All legal & Government registration cost at actual?.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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