What is Financial Leasing?
Financial Leasing is a middle and long-term credit activity through leasing machines, equipment, transportation vehicles and mobile assets based on the contract between Leaser (Leasing company - non banking institution) and Leasee (Customer).
Leaser party commits to purchase machines, equipment, transportation vehicles and mobile assets as requested by Leasee and hold the ownership of leased assets during the leasing period.
Leasee is eligible to use leased assets, make due payment of leasing fees during the leasing period, which is mutually agreed by both party and the contract shall not to be breached prior the leasing due time. When the leasing deadline is over, the leasee will be able to transfer the ownership, buy back or continue to lease the leased asset based on the term and conditions that have been mutually agreed.
Key benefits of Sacombank Leasing service
No collateral is required
Competitive interest rate
High credit leasing supporting percent
Strong financial funding support of Sacombank.