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What is the financial lease?

“Financial Lease” is a type of lease in which a finance company is typically the legal owner of the asset during the duration of a lease and when the tenor of the lease comes to an end, lessor transfers the ownership title to the lessee. Leasing item can be the asset purchased by the lessor or manufactured by a third party upon request of the lessor.

Steps of taking financial leasing services

 

Leasing services seems complicated, but it can be simply expressed as follows.

Leasing services seems complicated, but it can be simply expressed as follows.
1. To choose equipment
 
2. To complete documents and to apply for financial leasing
 
3. To establish Leasing agreement
 
4. To receive equipment
 

Sector of financial lease service

If you are planning to run a business in one of the below mentioned sectors, you are always welcome to receive our financial leasing service. Feel free to contact us if you have already chosen your equipment and decided to buy it by lease. We offer you quick and reliable service of us.

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Construction

Construction field equipment, machinery and mechanism

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Agriculture

Agriculture field equipment, machinery and mechanism

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Road and transportation

Road and transportation fields equipment, machinery and mechanism

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Mining

Mining field equipment, machinery and mechanism

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Production

Production field equipment, machinery and mechanism

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Other infrastructure

Other

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Financial leasing terms

 

 
Down payment
1.6% - 1.8%
 
(MNT)
 
Interest rate (per month)
6 months
 
12 months
 
24 months
 
36 months
 
Lease tenor
0.5%
Upfront fee*

* Upfront fee is paid one time only and based on financial leasing total amount. If total amount is higher, upfront fee is calculated according to the “General Terms and Conditions of Financial Lease.

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  • Head office of Trade and Development Bank, room no.707 Peace Avenue 19, Sukhbaatar district, Ulaanbaatar 14210, Mongolia