Our Products
Our flagship Lease – a full payout finance lease, is our primary product on offer to the Maldivian entrepreneur. Strictly for revenue generating movable assets, lease periods vary from 18 months to 54 months and are generally limited to asset acquisitions of an established business with a track record of revenue generation and impeccable credit references. To meet clearly identifiable client requirement we also write,

Step leases : A lease agreement that allows the lessee’s payments to either increase (step-up lease) or decrease (step-down lease) over the term of the lease to better meet the lessee’s cash flow constraints.

Cyclical leases : A lease agreement that allows the lessee’s payments to vary seasonally within a 12 month period to better meet the lessee’s cash flow constraints.

Skipped payments leases : A lease agreement that requires the lessee to make payment only during certain months or periods each year. Skipped payment leases are structured to meet the seasonal or other cash flow constraints of a specific lessee . For example, a farmer may prefer a lease with payments required only in the harvest months, when the cash flow from the sale of harvested crops is available to service the lease obligation.

Upgrade lease : An option that allows additions to existing leased equipment to improve its capacity or efficiency; or an exchange during the lease of outmoded equipment with newer model upgraded equipment.

Master lease : An agreement that contains the boilerplate provisions of the lease. It allows a lessee to add equipment to a lease (by schedule) under the same basic terms and conditions, without having to renegotiate a new lease contract. The lease rate generally is set for each equipment schedule as it is placed in service and put on lease.

Equipment to be leased

• The equipment must be in a condition for delivery and immediate use by the lessee and not be under construction or fabrication
• Payment to the supplier will be made after delivery, installation and commissioning of the equipment by the supplier

• Comprehensive Supplier warranties should be given to MFLC
• Used equipment will be considered only in exceptional circumstances. The ability of the suppliers to warrant the functioning of the equipment would be a decisive factor in such an instance.
• Equipment to be leased cannot be a part of or fixed to any other equipment, not owned by MFLC.