Lending Finance Lease

A Finance Lease is an agreement allowing the Lessee to rent the Lessor's asset for a pre-determined period of time, for a pre-determined fixed rental amount, with a pre-determined residual value.

At the completion of the lease period, the lessee is offered the option to purchase the asset for the residual value. Finance leases are generally for 100% of the assets value however that is at the discretion of BSP Finance and subject to credit approval.

Features

Finance

  • Minimum Finance amount - PGK20 thousand.
  • Maximum Finance amount - PGK3 million.

Lease Term

  • From 6 Months - 60 Months.
  • The term of the lease will be dependent on the asset type and its economic life.

Customer Contribution & Security

  • Deposit requirements will be dependent on the application, however, 100% finance may be offered to approved clients

Repayment

  • Lease rentals are payable monthly in advance.
  • The first rental payment is payable at the time of draw down along with any up- front fees.

Interest Rate

  • Interest rates are fixed for the term of the loan
  • Interest rate charged will be defined at time of application

Re-financing

  • Refinancing will be offered in all countries where the regulatory environment allows it.
  • Care should be taken to advise the customer that exit fees may be payable to the current finance.

 

Benefit

  • Competitive interest rates and Flexible terms offered
  • Improves company cash flow
  • Speed of approval turnaround and documentation
  • Enables financing of income producing assets to improve business profitability

 

To apply click here for the Application Forms and also complete Statement of Position

Contact us on 320 1212 or 7030 1212 or Email: bspfinance@bsp.com.pg

Contact our Sales Team

Our Products

Borrowing for asset purchases, enables clients to use BSPF's money to obtain assets, that will generate income for their business.

About BSP Finance

BSP Finance is a specialist Asset Finance company providing innovative and fast financial solutions to our customers.