Lease finance is asset backed financing against industrial machinery, commercial equipments, office equipments or other fixed assets. Here we will buy asset for you and after successful completion of all the payments the ownership will be transferred to you
Eligibility:
- The business must have good cash flow and future prospect
- The owner must have minimum 3 years of experience in relevant sector
Features:
- Tenure will be maximum 5 years including grace period
- Repayment schedule will be considering business cash flow at clients’ convenience
- Legal ownership remains in the name of lessor throughout lease period and ownership will be transferred in the name of the client at the end of the settlement of the facility
- Finance amount up to 70%/80% of the cost of the equipment depending on turnover and cash flow of the business
Required Documents:
- Memorandum and Articles (if applicable)
- Articles of Association (if applicable)
- Certificate of Incorporation (if applicable)
- Biodata of all the directors
- Trade License, NID & TIN certificate of the borrowing company
- Documents in support of the vehicle, machinery/equipment (e.g. Quotation, Proforma Invoice, Commercial Invoice, Bill of Lading, etc.)
- Last 3(three) years audited financials (Balance sheet, Income Statement, Cash Flow Statement) of the concerned unit/company
- Bank statement for last 1 year
- Latest liability position of the company
- Others, if any