What is a finance lease?

Definitions and requirements

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1. What is finance lease?

Finance lease is a form of access to finance via asset leasing under a financial leasing contract. The financial leasing company purchases assets required by the lessee and lease them to the lessee for use. The lessee will make payment of lease rentals during the lease term under the lease contract.

2. Finance leased assets

are the fixed assets such as:

- Transportation means and equipment

- Construction machines

- OA office equipment

- Medical equipment

- Machine tools/ production liness

- Others (not prohibited by the law)

3. Lessee

Legal entities

4. Lease term

Depending on the useful life of the asset and the financial condition of the lessee. Usually from 3 to 10 years

5. Lease interest

Competitive by either floating or fixed rate depending on the agreement between customer and BSL.

6. Lease currency

Vietnam dong (VND)

7. Finance lease application dossier

Legal papers

- Enterprise Registration Certificate

- Company Charter

- Meeting minutes and Resolution on appointing management positions of the company

- Meeting minutes and Resolution on appointing management positions of the company.

Financial papers

- Financial statements of the latest 3 years and the last Quarter (+ Notes to FS)

Investment project documents

- Meeting minutes and Resolution on the finance lease and selection of supplier

- Investment plan for finance leased asset

- Asset purchase memorandum with the supplier or the quotation from the supplier

8. Contact with BSL

Please refer to BSL contact

Where you can find us

20th Floor, Vincom Tower A, 191 Ba Trieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi

Email:

Tel: (024) 3974 3838

Fax: (024) 3974 3939

5th Floor, 155 Nguyen Van Linh, Vinh Trung Ward, Thanh Khe District, Da Nang City

Email:

Tel: (0236) 384 9759

Fax: (0236) 384 9749

472-472A-472C Nguyen Thi Minh Khai, Ward 02, District 3, Ho Chi Minh City

Email:

Tel: (028) 3835 6666

Fax: (028) 3835 0067

20th Floor, Vincom Tower A, 191 Ba Trieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi

Email:

Tel: (024) 3928 4666

Fax:

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