The Bank may avail the Equipment/Machinery Lease Financing for either of the parties to the lease agreement i.e Equipment/Machinery Lease Financing for the leasee or Equipment/Machinery Lease Financing for the lessor.
The capital goods include earthmoving machines, construction vehicles, combined harvesters, and tractors etc that are considered as essential to conduct business in any sector of the economy.
Eligibility
The applicant/lessee shall have at least one-year work experience in the business.
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The applicant/lessee shall submit lease agreement registered by an authorized body.
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The repayment period of the loan shall not exceed the agreed lease period.
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The total working capital requirement of the applicant shall be considered while analyzing Equipment lease financing for the lessee.
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The lease agreement shall be registered as per proclamation No.103/1998.
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