+960 331 5605

[email protected]

H. Filigasdhoshuge, 4th Fl, Ameer Ahmed Magu

Direct Lease

Direct Lease is an opportunity available for individuals who are employed, rent income earners, and entrepreneurs. MFLC offers Consumer Goods, Motorcycles, and construction materials under a monthly installment scheme for this product. Eligible individuals can obtain goods by submitting quotation(s) (from any registered suppliers for the schemes) along with other required documents. The lease rentals are structured on an agreed monthly installment for which dated cheques will be obtained or a standing order should be provided to MFLC through Bank of Maldives or Commercial Bank of Maldives.

Main Features:

  • Funding amounts from MVR 10,000 to 100,000 (Upper limit is subject to change at the discretion of the Company)
  • Repayment period from 6 months to 12 months for Consumer Durable and 6 months to 36 months for Motorcycles
  • Individuals must complete over three (3) years in Current Employment Or
  • Should possess a regular income flow, i.e rent income, commission, fees etc or
  • Should have been operating a business for minimum 03 years
  • 10 % of Finance amount should be paid upfront
  • Guarantor is required for all Direct Lease facilities

Documents Required:

  • Fully completed application form
  • Original Employment letter
  • Past 06 months’ salary slip (with company stamp)
  • Past 06 months Bank Statement
  • Title deed copy
  • Business registration copy
  • Id card copies (both client and immediate family member)
  • Quotation(s) from supplier(s) registered for the scheme.

Guarantor Required Document

  •   Original Employment Letter
  •   Last 06 Months Salary Slip (With company stamp)
  •   ID Card Copy

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