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Sunday, May 11, 2008  
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Lease Financing

Objectives

Terms & Conditions

  • Assist and encourage entrepreneurs for acquiring capital machinery, medical equipment, automobiles etc..

  • Lease period 3 to 7 years

  • Lease rent @ 16.00%

  • Risk Fund 1.00%

  • Service Charge 0.25% per year on outstanding balances.

Security

  • Primary: Ownership of fixed items.

  • Collateral: Landed property, Bank Guarantee, ICB Unit Certificate etc.


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