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