Lease Finance
Know About
Lease Finance
Lease financing is one of the important sources of medium- and long-term financing where the owner of an asset gives another person, the right to use that asset against periodical payments.
Interest Rate: SMART+ 3.75% rate of interest
Eligibility
Lease Finance shall be made to business group, companies, professionals, firms, individuals etc., for acquisition of the following articles:
- Capital Machinery for BMRE purpose.
- Equipment
- Gas, Diesel, Generator & Power Plant
- All types of vehicles including marine transport
- Medical Equipment
- Elevator/Lift
- Consumer durables
- Information Technology
- Telecommunication
- Other Assets
Required Documents
- Leasing will be extended only to business with a history of at least 3 years in business and running profitability.
- Leasing to professionals/individuals shall be covered by securities to the satisfaction of the Bank.
- Certified copy of Memorandum and Article of Association along with Certificate of Incorporation/ where applicable
- Copy of up to date trade licensed/TIN Certificate, IRC duly attested by the promoters to be required
- Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement preferably audited for the last consecutive 03 years shall be available.
- All other papers/Documents as may be required depending on the application.
Ways to Apply
Your money is making money for you & Your Family.
