MIDAS Financing Ltd. (MFL) extends lease finance facility to SME and Corporate Business Units in the manufacturing and service industries sectors and also to individuals and institutions.
Leasable Items
Capital Machinery
Heavy Construction Equipment
Generator, Transformer, Lift, Boiler, etc.
Air Conditioning and Refrigeration Equipment
Medical Equipment
Vehicles
Agricultural Equipment
Lease Period
2-5 years
Installment
Monthly, bi-monthly or quarterly
Lease Security Deposit
2 (tow) rental installments
Terminal Value/Transfer Fee
1% of the Lease amount
Appraisal Fee
0.2% of the lease amount, not exceeding Tk.20,000/- and not less than Tk.2,000/-.
Security
Purchase and insurance of the lease asset in the name of MFL AND
Personal Guarantee of the Sponsors AND
Third Party Guarantee of 2 (two) responsible persons acceptable to MFL OR
