Machinery/Equipment Lease Finance
A term loan provided to lessors (leasing companies/individuals) for purchasing capital goods to be leased out.
Purpose: To finance the purchase of machinery and equipment for a leasing business.
Key Features:
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- Maximum tenure of 5 years.
- The Bank may enter a tripartite agreement with the lessor and lessee.
- For imports, the L/C must be opened through LIB.
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