MFLC

Easy Lease

Easy Lease – (For Tree Top Investments and related companies)

The product has been designed to meet today’s lifestyle needs, offering wide range of consumer durables and motorcycle. Eligible individuals can obtain leases 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 installments which will be deducted from the monthly salary by the employer and sent to MFLC on an agreed date.

Main Features

  • Funding amount from MVR 10,000 to 100,000
  • Repayment period from 6 months to 15 months for Consumer Durables
  • Repayment period from 6 months to 36 months for Motorcycles
  • Total deduction from salary should not exceed 50% of the take home pay

Benefits

  • No Down Payment
  • Facility granted within 3 working days.
  • Choose the supplier of your choice
  • Any movable asset can be leased

Eligibility for Maldivians

  • Employees aged between 18 to 60 Years
  • Total deduction from salary (include other banks & financial institutions) should not exceed 50% of the total  take home pay (basic salary plus other allowances)
  • Minimum 2 years of employment
  • Minimum 1 year of employment is accepted if the total Income (Salary + Allowance) exceeds more than USD1000  per month

Eligibility for Non-Maldivians

  • Employees aged between 18 to 60 Years
  • Living and working in Maldives
  • Have been in continuous employment for last 5 years.
  • Total deduction from salary (include other banks & financial institutions) should not exceed 50% of the total take home pay (basic salary plus other allowances)

Documents Required

  • Completely filled application form
  • Copy of National Identity Card
  • Copy of the Passport & Work permit (for foreign nationals)
  • Quotation(s) from supplier(s) registered for the scheme.

Payment Option

  • Salary Deduction Only