Leasing

1

Leasing recipients

Entrepreneurial entities with legal entity status

2

Purpose of leasing

To purchase property (leasing object) from the seller under the leasing contract on behalf of the lessee, with the right to own and use it on the terms specified in the contract, and to transfer it to the lessee for payment

3

Leasing object

Any items not for consumer use, used for entrepreneurial activity, including enterprises, property complexes, buildings, structures, equipment, vehicles, and other movable and immovable property (excluding land plots and other natural objects, as well as property that is out of circulation or restricted in circulation)

4

Leasing currency

National currency

5

Leasing term

36 to 60 months

6

Grace period for principal debt payment

Up to 6 months

7

High leasing risk

Based on the project cost

8

Annual interest rate (minimum)

Up to 36 months – 26%;

Over 36 months – 27%.

9

Documents to be submitted

- Leasing application;

- Business plan;

- If the borrower or pledger is a legal entity, documents confirming the consent of the owners to lease and pledge the property;

- Sales agreement for the leasing object (can be concluded between two or three parties);

- Technical and economic indicators of the leasing object and information about its seller;

- Insurance for at least 60% of the leasing amount.

- Additional documents may be required during the review of the credit application.

10

Leasing collateral

- Movable and immovable property;

- Guarantee and insurance policy;

- Other types of collateral.

11

Account opened in “Microcredit Bank” JSC system

The main account must be opened in the “Microcredit Bank” JSC system for at least six months and have regular income from the main activity

12

Insurance of the leasing object

The leasing object must be insured by the lessee against loss and damage for the full term of the leasing contract