Fleet & Rent A Car Financing:

Financing for the acquisition of vehicle to be used by small & Medium Enterprises for logistical support purpose. Financing vehicles to be used by transport companies, construction companies, freight clearing and forwarding companies and freelance operators for the purpose of generating income from contracts or for projects under execution. Financing Vehicles  extend to legal business entities for their acquisition of primarily passenger vehicles for rental purpose. Including the passenger transport and bus rental

Features:

1. Competitive starts from 3.50% flat p.a.
2. Maximum finance amount AED 1,500,000
3. Maximum finance tenure 60 months
4. Finance available for new and used cars
5. Minimum Length of Business to be 4 years
6. Minimum Authorized signatory age to be 25 years
7. Down payment 20%

Documentation:

• Application Form duly filled up and signed by authorized signing authority
• True Copy Agency/Partnership Contract [if applicable]
• Board of Director´s Decision for LLC [if applicable]
• True Copy of Commercial Registry, trade license & list of partners
• True Copy MOA /AOA/POA/Service Agreement/ Board Resolution
• True Copy of valid passport of all the owner/s (Authorized signatories) with valid residence visa (when applicable)
• True Copy Audited Financial Report [if applicable]
• True copy Bank Account Statement of the company account for last six months
• Quotation related to vehicles [to be financed]

Terms and Condition.

KFS link

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