Equipment Refinance

Hire Purchase

Working Capital Term
Loan Scheme

Short Term Loan

Foreign Currency Loan &
Brand Equity

Merchant Banking

Factoring

Regional Offices

This Scheme has been currently discontinued

EQUIPMENT LEASE FINANCE

ACQUISITION WITHOUT OWN INVESTMENT

OBJECT

UPFC provides lease assistance to acquire plant & machinery. Without any promoter's investment

to a concern, which intends to expand, modernize or diversify its activities.

 ELIGIBILITY

a) Any Industrial concerns, which has been in operation for the last three years and has earned net profit during the last two years and it should not be in default.

b) Industrial concern should not be in default to any financial institutions/Banks.

c) New Indigenous/imported equipments or second hand imported equipments.

LEASE PERIOD

 Three to five years depending upon the economic life of equipments, technological obsolescence, rate of depreciation, perception of risk as well as profitability of the concern.

 MODE OF PAYMENT

 a) Monthly rental payable in advance with one month moratorium Or

b) Monthly structuring of lease rentals according to users need.

 LIMIT OF ACCOMMODATION

  Besides the existing limit of term loan , maximum assistance upto Rs.300 lacs can be extended.

 CHARGES

 a) Maximum Lease processing fees of Rs 2500/-, depending upon quantum of assistance.

b) Lease management fees of 1%.

 ADVANTAGES

 1) 100% finance.

2) Quick financing with simple procedural formalities.

3) Lease rental allowed as tax deductible expenses.

4) Provision of balance sheet financing.

5) Flexible rental structuring according to user's need.