“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