For lease or inquiry please dial using our hunting numbers. Our relationship managers will be happy to respond your queries and in touch with you. You can also visit at our registered office.
It is a contractual agreement between you and SFIL establishing an arrangement, holding you as the lessee and SFIL as the lessor, for the use of an asset in return of periodic payments from you.
Lease Agreement consists of the negotiated terms and estimated acquisition cost.
Lease term means the non-cancelable period during which you can use the leased equipment exclusively. Generally it ranges from 3 to 5 years.
Lease rental is the periodical payments made after the lease execution. The period can be monthly, quarterly and semi-annually according to the client’s need.
The lease is executed when the delivery or installation of the equipment is completed. At the time of execution the actual payment schedule is fixed and you are required to start paying the rental.
You are required to arrange the insurance coverage on the leased equipment for the entire lease term.
Client makes the decision about deciding equipment, vendor, terms and conditions including price.
The client is required to maintain the leased equipment in good operating condition, even if the insurance covers most of the unusual risks.
The actual purchase price and other incidental expenses including financial expenses and all bank charges shall constitute the acquisition cost and would be capitalized at the time of execution.