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LEASE

If You are planning capital expenditure for procurement of industrial machinery, commercial vehicle, power generator, inland and maritime vessel then Lease facility of United Finance could be an ideal option for you.

PRODUCT FEATURES

  • Maximum financing contribution.
  • Lease period up to 5 (five) years.
  • Flexible repayment, matched with your cashflow
  • Competitive pricing.
  • Early payment is allowed
  • Relax on mortgage security

Why Choose United Finance

STRONG NATIONAL FOOTPRINT

19 business officess across the country located in major divisional areas to serve You.

IN OPERATION SINCE 1989

Operating for more than 2 decades, with reputation, in the financial industry of Bangladesh.

SERVICE AT YOUR DOOR STEP

Our team of Service Managers are always there dedicated to work as an advisor of You.

DIVERSIFIED FINANCIAL PRODUCTS AND SERVICES

Catering the need of individual to institutional investors' deposit, working capital and asset financing.

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Small/medium/large industries involved in manufacturing/ trading/ service oriented businesses.

Vehicles, machinery, equipment or any fixed assets which have resale value and can be repossessed.

United Finance provide lease sanction for second hand vehicle with justifiable economic life and risk involvement

You could collect an application form from our nearest office or simply download it from our website and submit it yourself along with the supporting documents at any of our branch office that is convenient to you. Or you may submit your details through our website or express your interest at our call center and we will contact you.

Leased asset is the primary security. Value of the security is determined during leased asset inspection.

Minimum lease amount is Tk.100,000. However, for small industries, maximum amount is allowed up to 80% of the total cost of asset(s).

Lease term ranges from 12 to 60 months

United Finance may lease entire value of the asset depending on relationship with and creditworthiness of the client. However, we are always there to help our valued customers.

Once we receive your request for disbursement, we will disburse the loan in full or in installments, which usually do not exceed four in number. In case of an under construction property, we will disburse your loan in installments based on the progress of construction, as assessed by us.

One Cheque covering total receivable amount along with interest and/or Personal guarantee may be taken as security. Other collateral such as land mortgage can be considered as security for this facility, if required.

Generally considering credit visit, approval of lease sanction takes not more than 15 days.

We will deposit PDC at bank on/before rental due date to ensure timely collection and to avoid late payment charges.

Rentals can be paid through EMI or Structured payment based on cash flow of your business

Yes, full or partial repayment of principal is allowed at any time before maturity of the facility.

Yes, insurance is mandatory. United Finance can help you in the process only if you require.

Insurance coverage will be continued until the maturity or termination of lease facility

You are responsible for operation and maintenance of the leased asset

United Finance is always encouraging Clients' to make timely payment to avoid additional interest expense.

The nominated Relationship Manager is your primary contact point. You can also dial 16354 to our call center support.

Yes, we notify collection confirmation to clients' through SMS.

Yes, you can avail another facility, subject to your transaction history with us and clean CIB report from the Bangladesh Bank.

We do not have any hidden charges, you have to pay according to our schedule of fees and charges.

United Finance provides NOC, only after full adjustment of outstanding balances.

You cannot receive insurance claim directly as long as United Finance is the owner of the asset.

No, interest rate is subject to market demand and it varies.

Documents Need to Apply

  • Sales ledger or party ledger of 06 months (minimum) to 12 months (maximum)
    depending on payment cycle of customer
  • Bank statement for the equivalent period
  • Business operations summary with your customer
  • Sample copy of work orders, invoice etc
  • Loan application duly signed by you
  • CIB undertaking

Required Documents for Credit Visit

Serial

Documents Proprietorship Concern Partnership Firm Private Limited

01

Updated Trade License
02 National ID of Directors

03

ETIN Certificate

04

Photograph of the Directors/Owners

05

Registered Partnership Deed

06

Memorandum & Article of Association

07

Form XII

08

Schedule X

09

Certificate of Incorporation

10

Board Resolution (as applicable)

11

Environment Clearance Certificate

12

Audited Financial Statements (latest 3 years)

13

Credit Rating Report (Latest)

Why Choose United Finance

STRONG NATIONAL FOOTPRINT

19 business officess across the country located in major divisional areas to serve You.

IN OPERATION SINCE 1989

Operating for more than 2 decades, with reputation, in the financial industry of Bangladesh.

SERVICE AT YOUR DOOR STEP

Our team of Service Managers are always there dedicated to work as an advisor of You.

DIVERSIFIED FINANCIAL PRODUCTS AND SERVICES

Catering the need of individual to institutional investors' deposit, working capital and asset financing.

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