Lease/Asset Backed Financing

Product
Summary

Lease: Financing facility provided for procuring, Installing, testing, modernizing, replacing of Local/Foreign capital machineries and equipment.

Sub-Lease: Financing facility for procuring, Installing, testing, Local/Foreign capital machineries and equipment intend to sell under lease agreement to final consumer for commercial use.

Commercial Vehicle Lease/loan (Direct Procurement): Financing for procuring Bus, Minivan, pick up, cargo, Prime Mover, Tank Lorry, Ready Mixer, Truck, prime mover, dump truck etc. used for commercial purpose.

Sale and Lease Back: Financing on post procurement phrase of any capital machineries and equipment where client intend to sell it to LBFL and lease it back from LBFL.

Product
Features

• Facility Amount: Loan amount is above BDT 10.00 million to BDT 250.00 million.
• Facility Type: Lease.
• Loan Term: Maximum 10 years with attractive moratorium period
• Payment mode: Equal monthly installment [EMI]
• Security: Machinery, land, building, flat etc. as collateral

What are the
Eligibilities

• Business experience : Minimum 5 years experience in the same line of business.
• Sole-proprietorship, Partnership and Limited Companies can apply for the loan. In case of Sole-proprietorship business, the age of the entrepreneur should be Minimum 21 years & maximum 60 years.

Required
Documents

• Copy of updated Trade License [Enlistment and Licensed documents issued by regulatory authority]
• Photographs of Applicant and guarantor(s)
• Valid NID/Passport/Driving License of Applicant and Guarantor(s) Trade License, E-TIN
• Bank statement of last 12 (Twelve) months
• Copy of Utility bill
• Rental deed copy
• Necessary Security Documents.
• Relevant Standard Documents of the leased asset.

Apply
Online