Lease Finance

Leasing is a method of financing the acquisition of Capital Machinery, Equipments, Medical Instruments, Automobiles etc. It involves a contractual relationship between the Leasor and the Leasee in which the Leasor grants to a firm or person the use of asset’s services for a specific period of time, usually for an agreed sum of rent, Leasing, therefore, enables a firm or an individual to avail the services of machinery and equipments without making the investment. Our Bank deals in Finance Lease only.    

Key Features :

• Category / Loan type:Finance Lease
• Purpose :Uttara Bank PLC. offers Lease Finance for acquisition of the following Articles :
• Capital Machinery for BMRE of the Project.
• Heavy Construction Equipments.

Customer Eligibility :

• Must be a going Business Concern.
• At Least 2 Years Business History.
• Must be a Current Account Holder of the Bank.
• Up dated clean CIB Report.

Security :

• Registered Mortgage of Land & Building
• Personal Guarantee of the Owner(s)/ Directors.
• Corporate Guarantee of the Related Business Concern(s)
• Post dated cheque.
• Other Securities as acceptable to the Bank

Repayment :Monthly Lease Rental

Interest Rate : Market Competitive

Basic Documents Requirements (not limited to) :

• Valid Trade License.
• Up to date TIN Certificate.
• Regulatory papers
• Loan Tenor :1 years to 5 years .
• Debt Equity Ratio : 70 : 30

*condition will be applicable