SME Loans By Reliance Capital

 Leasing Solutions - Overview

 
You have a business dream which can be achieved with the help of the right equipments. You feel that renting the necessary equipments will solve your hurdles and boost your business. We at Reliance Commercial Finance always aim at assisting your business growth; which is why we not only provide finance for buying new assets or equipment, but also to rent equipment on lease. With our systematic operating lease solutions, you get up to 100%* finance for your desired machinery. We understand how vital these equipments are in helping you fulfill your dreams.

With quick turnaround time, flexible lease tenure and structured rental payments, you get loans at minimal documentation and competitive interest rates. We offer funds for various equipment used in Construction, Infrastructure, Manufacturing, IT, Printing, Healthcare, Commercial Vehicles amongst others.

These leasing solutions will suit all your requirements and enhance your firm’s financial flexibility and will also benefit you in better financial planning & management.

Remove your business hassles with Reliance Leasing Solutions.

 

 

Leasing Solutions - Features

  •  Enhances firm’s financing flexibility and liquidity.
     Improves financial ratios.
     Avail of these loans with minimal collateral.
     Tax Management.
     Provides upto 100% financing.

 

Leasing Solutions - Eligibility

 

 

Parameters
Eligibility

Segment
Corporate / SME

Turnover
Above 10 Crore p.a

Vintage
Profitable business for last 3yrs

Deal size
Above 2 Crore

Asset requirement
New assets (only)

Asset Type
Plant & Machinery, CV, CE, Medical, I.T., Renewable energy, Printing equipment, others.

 

 

Leasing Solutions - Documentation

  •  Certified copies of MOA / AOA /Partnership deed.
     Pan card copy of Company & directors.
     Repayment track record.
     3 years audited financials along with provisional and projected financials.
     6 months bank statement of main operating account.
     Pro-forma invoice to the equipment to be financed along with brief note on proposed    capacity addition.
     Certified copies of MOA / AOA /Partnership deed.

 

 Leasing Solutions - FAQs

 

What is an Operating Lease?
 The Transfer of Asset Act defines a lease as a transaction in which a party owning the asset provides the asset for use over a certain period of time to another for consideration in the form of periodic rent.

 Lease may also be defined as a contract between two parties for the hire of a specific asset wherein the lessor retains ownership of the asset while the lessee has possession and use of the asset on payment of specified rentals over a period of time.

 Leasing is suitable for financing most investments in productive equipment and is available to a broad range of business and other organizations,such as hospitals,educational institutions,associations and government agencies

What are the tenure options?
 Lease tenure range from a minimum of 3yrs up to a maximum of 5 years depending upon the asset category and its economic life.

What are the difference between Lease and Loan?

DIFFERENTIATORS
LOAN
OPERATING LEASE

Extent of funding
75-85%of asset cost
Upto 100%of asset cost

Tax Implications
Depreciation and interest cost deductible.
Lease Rentals deductible.

Legal Owner of asset
Borrower
Lessor

Restrictive Covenants
Includes restrictive covenants that may restrict customer’s ability to borrow future funds.
Does not include restrictive covenants that restrict customer’s ability to borrow future funds

 

How do I repay the lease rentals?
 Electronic Clearing System(ECS)OR
 Post dated cheques(PDCs)

What are the stages involved in availing a lease?
The stages involved are:

  1.  Application
     Processing
     Documentation
     Sanctioning of the lease proposal.
     Disbursement

Reliance Capital, a constituent of CNX Nifty Junior and MSCI Global Small Cap Index, is a part of the Reliance Group. It is one of India's leading and amongst the most valuable financial services companies in the private sector.

Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

Reliance Mutual Fund is amongst top Mutual Funds in India with over five million investor folios. Reliance Life Insurance and Reliance General Insurance are amongst the leading private sector insurers in India. Reliance Securities is one of India’s leading retail broking houses. Reliance Money is one of India’s leading distributors of financial products and services.

Reliance Capital has a net worth of Rs. 13,547 crore (US$ 2.2 billion) and total assets of Rs. 47,440 crore (US$ 7.6 billion) as on March 31, 2015.

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