Lifestyle Lease
Lifestyle Lease is designed to meet today’s lifestyle needs, offering a wide range of consumer goods
and motorcycles. Eligible individuals can obtain leases by providing the required documents from
registered suppliers. Lease rentals are structured on an agreed monthly installment which will be
deducted from the monthly salary by the employer.
Main Features:
- Individuals must complete over two (2) years in current employment (Institute must be
registered with MFLC)
- Repayment period from 6 months to 24 months for Consumer Durable and Up to 36 months for
motorcycle lease
- Funding amount from MVR 10,000 to 100,000 (Upper limit is subject to change at the
discretion of the Company)
Documents Required:
- Fully completed application form
- Original Employment letter
- Past 06 months’ salary slip (with company stamp)
- Id card copies (both client and immediate family member)
- Quotation(s) from supplier(s) registered under consumer finance scheme.
Guarantor Required Document (Guarantor required for facilities above MVR 60,000)
- Original Employment
Letter
- Last 06 Months Salary
Slip
(With company stamp)
- ID Card Copy