+960 331 5605

info@mflc.com.mv

H. Filigasdhoshuge, 4th Fl, Ameer Ahmed Magu

Finance Lease

We offer fast and flexible leasing solutions for a wide range of movable assets such as vessels, vehicles, machinery and equipment. Our leasing solutions includes Sale and Lease Back of existing movable assets owned by the prospective lessees.

Main Features:

  • Funding amount from MVR 100,000 and above
  • Repayment period from 12 months to 48 months, depending on the type and the age of the asset
  • Insurance of the lease asset is a requirement
  • Preference will be given to brand new assets
  • Minimum equity is 20% of the total cost of the asset
  • Second hand assets require a valuation by a professional valuer
  • Supplier should be selected by the customer, supplier should be a reliable supplier
  • If asset/s are to be imported, the importation should be under L/C terms
  • Terms negotiable to suite your needs

Documents Required:

  • Maldivian aged between 18 to 60 years (individual applicants)
  • Limited liability companies and businesses are required to be in the business at least for 2 years and should have successful financial performance
  • Individuals whose income is based on employment, should have been in continuous employment for 2 years.
  • Rent income or other income should be supported by documents and bank statements.