This is a Micro Lease Scheme designed to enable Individuals/Salary earners, Self Employed individuals, Transporters, Okada Riders, Artisans, Petty Traders to acquire properties eg ice making machine, motor cycles, sewing machines, refrigerators, vulcanizing machines etc.
- Salary account to be domiciled with the bank in case of salary earners.
- Letter of introduction from employer
- 40% of the cost of the property to be contributed by the customer.
- Two (2) guarantors required.
- Duration 180 days’ maximum.