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  Equipment Leasing
 
    Eligibility 
 
  • Any Proprietorship/Partnership Firm/Private/Public Limited Company with more than 2 years of track record of profitable business operation and sufficient cash flows to service the monthly rental payments
    Lease Amount 
 
  • Lease amount can vary depending upon the specific requirement and repayment capacity
    Rates & Fees 
 
  • Our rates are one of the most competitive in the market and most often better than what other NBFIs can offer
  • The interest rates are calculated on a reducing balance method
  • Documentation & Appraisal fees
  • Minimal Transfer Price
  • No hidden cost
    Repayment
 
  • In general, repayment period is of 3 - 5 years, however depending on the nature of the deal the tenure can vary according to the need of the client
  • Usually fixed monthly or quarterly rentals to be paid to IPDC by Post Dated Cheques(PDC) or Bank Transfer. However payment may be structured taking into consideration seasonality of business in certain industries
  • The repayment schedule is provided at the time of disbursement of the funds
  • Foreclosure of the lease is allowed on a Stipulated Loss Value (SLV) Basis on the outstanding rentals
  • Insurance coverage for certain risks, depending on the nature of the equipment and place of installation is required for equipment
  • The ownership of the equipment can be transferred in favor of the client with the payment of a nominal fee at the expiry of the lease
    Application Process & Required Documents
 
  • Memorandum and Articles of the company for a Limited Company
  • Form XII of the Company/ Shareholding Details(if applicable)
  • Trade License of the borrowing company & Certificate of Incorporation
  • Company Information with details about Present Production Facility. (Company profile covering Products, departments, buyers.)
  • Documents in support of the vehicle, machinery/equipment (eg. Quotation, Proforma Invoice, Commercial Invoice, Bill of Lading, etc)
  • Last 3(three) years audited financials (Balance Sheet, Income Statement, Cash Flow Statement) of the concerned unit
  • List of all present lenders with sanctioned date, sanctioned limits, outstanding amount, rate of interest, etc. (Lending + Deposit Relationship)
  • Trade Licence & TIN of the company

  • Other documents, if applicable
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