Lease Finance Loan
ELIGIBILITY: Business Men/Women, Corporate Bodies, Small & Medium Scale Industrialists & Artisans.
- Letter of Loan Application to be directed to the Managing Director
- In case of Corporate Bodies, Board Resolution to be written on the letter head of the company and to be directed to the Managing Director of the bank.
- Loan form to be duly completed and signed by Applicant and Guarantors
- 2 Guarantors to be obtained with at least 1 civil servant as Guarantor
- Valid Means of Identification of the Applicant and Guarantors to be obtained
- Passport of the Applicant and the Guarantors to be obtained (one each).
- A.C. Form 02 & 07 to be submitted for verification
- Memorandum & Article of Association (MEMART) of the Company to be submitted for verification
- 12 Months Duration
- Postdated cheques as collateral
- The Applicant to submit proforma invoice of Equipment to lease
- The Applicant to contribute 20% of the cost of Equipment to be leased
- Easy loan procedure
- Quick turn-around time