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Finance Lease

Allows customers to gain a competitive edge through Lease solutions. This product includes Finance Lease and Sales and Leaseback for both individual and entities.

Purpose

  • Purchase of assets, vessels, vehicles

  • For working capital purposes

Eligibility

  • Age: Aged between 18 and 60 years

  • Business Operation: 1 year in operation or can be considered based on owners strong business or income background

  • Acceptable Assets: machinery, equipment, vehicle, vessel

  • Age of assets: less than 5 years from the date of registered/manufactured

  • Supplier: shall be a registered supplier at MFLC

  • Guarantor with stable income source shall be included in the facility (for individual)

Key Features

  • Finance Limit: Above MVR 100,000

  • Collateral: Pledge against equipment, fixtures, vehicles and vessels

  • Loan Tenor: Up to 48 months (04 years)

  • Equity: Minimum 25% of total project cost

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