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Lease
Finance never been so easy......
Premier
Bank, a fast growing Private Commercial Bank has
introduced Lease Finance to facilitate your funding
requirement for the procurement of assets in order
to grow your business.
Our
Corporate Culture:
“We believe in promotion of trust, team
work and professionalism which benefits our customers,
employees, shareholders and our society”.
Premier
Bank offers Lease Finance facility for:
a)
Capital Machinery.
b) Medical Equipment.
c) Office Equipment.
d) Heavy Construction Equipment.
e) Lifts, Elevators, Generators, Air conditioners.
f) Machinery for Agro based Industry.
g) CNG Filling Station.
h) Automobiles like Bus, Mini Bus, Truck, Car,
Pick up etc.
i) Other Costly consumer's durable.
j) Other items for potential emerging sector which
is considerable to Head Office Management / Leasing
Division.
Benefits
of availing Lease Finance:
i)
Simple Security Arrangements.
ii) Prompt service, simplicity and convenient.
iii) Financial need meet up without out flowing
own fund: Little cash
required. You can acquire the Lease Assets keeping
your Capital intact.Thus leasing helps to build
up your fund raising capacity.
iv) Tax incentives:Because lease rentals are treated
as revenue expenditure and are entirely deductible
for lease purpose.
v) Extension of credit sources: Leasing does not
impair the ability of the Lessee to obtain credit
in traditional ways since it does not make any
change in the financial structure of the Lessee.
vi) Off Balance Sheet item; does not appear in
the Lessee’s Balance Sheet and improves
financial Ratios.
vii) Financial Flexibility: Through leasing capital
will not be tied up with the acquisition of assets.
You can invest your costly capital elsewhere for
more profitable venture.
viii) Sales Aid Device: If you are a Manufacturer
/ Dealer, you may utilize Leasing as a sales promotion
tool for achieving Sales Target.
Lease
Term:
i) In case of Machinery / Equipment
(Maximum) up to 5 Years.
ii) In case of Vehicle (Maximum) up to 4 Years.
Our
Participation:
We may finance 100% of the Acquisition cost of
the Lease Item.
Competitive
Rate & Charges:
Interest Rate, Service Charge and Risk Fund all
are competitive and affordable .
Security:
Following collateral securities may be accepted:
a)
Leased item itself.
b) Immovable properties such as Land, Building,
etc.
c) Encashabel securities like FDR, BSP, Share
Certificates of listed companies, ICB unit Certificate,
Bank / Insurance Guarantees etc.
d) Corporate Guarantees.
e) Personal Guarantee of a person acceptable to
the Bank.
f) Any other Assets acceptable to the bank as
security.
Lease Rental:
The Lessee will pay monthly Lease Rentals through
post-dated cheque containing the amount of Rental
in each cheque. The Rentals offered by The Premier
Bank Limited are modest and more competitive than
other Banks or financial Institutions.
Lease Deposit:
Lessee shall have to deposit 3 months’ Rentals
as Lease Deposit (non-interest bearing Lease Deposit)
which shall be refunded /adjusted at expiry of
the lease term.
Grace Period:
In case of Capital Machinery and Equipment, maximum
grace period of 6 (six) months may be allowed.
Insurance
Coverage:
The Vehicle / Equipment / Lease Asset(s) shall
have to be covered by a Comprehensive Insurance
policy throughout the lease term at Lessee’s
own cost in the name of The Premier Bank Limited.
The premium shall be on account of the Lessee.
Repair and Maintenance:
The Lessee is obliged to maintain the Lease Asset(s)
in good working order and is solely responsible
for any loss or damage as long as it is in his
/ her possession. Repair or maintenance cost for
taking care of normal wear and tear and keeping
the Lease Asset in good running condition during
the lease period shall be the responsibility of
the Lessee.
Transfer of Ownership:
On final adjustment of the Lease Finance, the
Lessee may have an option to purchase the Equipment
at the prescribed rate. Besides the above option,
the Lessee may renew the lease on year-to-year
basis or return the Equipment to the Bank.
Our
Special Credit Schemes :
Lease Finance
Consumer Credit Scheme
Doctors Loan Scheme
Small & Medium Business Loan Scheme
Student
Credit Scheme
Rural
Credit Scheme - Poverty Alleviation
Agro Processing Loan Scheme |
Credit
Card
