Salhi Lease
Salhi Lease is for employees of registered organizations, to lease Consumer Durables and construction materials worth of MVR200, 000 up to a term of 24 months. Eligible individuals can obtain leases by submitting quotation(s) (from any registered suppliers for the schemes) along with other required documents. Lease rentals are structured on an agreed monthly instalments which will be deducted from the monthly salary by the employer and sent to MFLC.
Main Features:
- Funding amount from MVR 60,000 to 200,000
- Eligible individuals must be between 23 to 60 years
- Individual must be in continuous employment for the past 05 years (in a supervisory level & above)
- Repayment period from 6 months to 24 months for Consumer Durable & Construction Materials
Documents Required:
- Completely filled application form
- Copy of National Identity Card
- Employment letter stating the date of commencement, designation and salary details.
- Past 03 months’ salary slips
- Quotation(s) from supplier(s) registered for the scheme.
- Copy of National Identity Card of the Guarantor
- Employment letter of the Guarantor