Financial lease (FL) is offered to clients who wish to use movable assets such as motorbikes, tricycles, cars and agriculture machineries, heavy equipment for their daily business or personal activities in long-term financing period without investing their own capital or using working capital. LOLC authorizes client to fully manage and use the identified movable assets during the lease period. Client can become its legal owner at the end of lease period by just paying monthly lease fee to LOLC including insurance fee charges.
The Benefits of this product:
- Get the requirement assets for your personal activities or business operations without using your own financial resources or capital,
- Transform gross expend into paying back to the LOLC monthly,
- Increase your income and/or expand your business operations.
FL is designed for adapting to the needs of our clients by allowing several options of repayment mode:
- Flexible annuity, or
- Semi-balloon (monthly interest repayment and the principal repayment based on cash flow analysis and mutual agreement),