“V LEASE” – Building Pathways to Your Destination

At MFLC we understand that a vehicle is a part of your life. Whether it is needed for generating additional income, to use in a business or for personal use we are there to help you to get the vehicle of your choice.

Competitive Advantage

• No Security Required (only leased asset will be registered under MFLC’s name until the lease is paid in full)
• Lower monthly repayments
• Lease assets will be covered by insurance

Vehicles Considered

• Cars, Pickup and Lorries are considered for leasing
• Vehicles to be used in Male’, Hulhumale’ and Villingili Only
• Vehicles which are not more than 5 years old from the date of manufacture
• Newly imported and unregistered

Main Features

• Eligible for Maldivians only
• applicant should be aged between 18-60years
• Repayment period from 6 months to 36 months
• Maximum funding limit MVR 300,000/-
• For Taxi’s – applicant should own a Taxi board
• A personal guarantor is required.

Documents required for Individuals

• Completely filled application form Application form
• National Identity card of copies
• Bank statements for the last 6 months
• Employment letter (if employed)
• All of the above documents of the guarantor
• Proforma invoice/Quotation from Supplier
• Valuation Report

Documents required for Companies and Registered Businesses

• Completely filled application form Application Form
• Memorandum & Articles of Association/Partnership Agreement
• Copy of Certificate of business registration/Incorporation
• Audited Financial Statements for the last 3 years
• Details of Directors (ID copies,assets,liabilities)
• Draft accounts for the current year up to the last available month-end
• Proforma Invoice/Quotation from Supplier
• Project report or feasibility