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PICIC
PICIC is a pioneer development finance institution (DFI) and
has played a key role in the industrial development and creation
of industrial infrastructure in Pakistan. PICIC is the largest
private sector DFI with a paid-up capital of Rs. 847.20 Million.
It was established by Pakistani and foreign investors with
the assistance of World Bank for providing finance to private
sector. Today, PICIC has hounor to have financed 1100 industrial
units spread all over the country with gross assistance of
Rs. 33 billion. By the grace of Almighty Allah PICIC is taking
care of all financial needs of its valued clients under one
roof.
PICIC LEASING
In pursuance of our commitment to make PICIC a true financial
super market, we have successfully and comprehensively, joined
the group of lease financiers. We have been awarded license
to commence the lease operations in May 2001, we have approved
lease contracts of Rs. 1.0 billion out of which 500 million
has already been disbursed. By the grace of Allah, we expect
to achieve a sizable target every year which would help make
PICIC stand prominently in the Leasing Industry. PICIC provides
lease facilities in a way that makes easy on the pocket.
We have developed special lease products for industrial customers,
small businessmen for SMEs and individual professionals to
help improve their quality of services. Accordingly PICIC
has launched its Medical Equipment Leasing for doctors and
hospitals. Now all hospitals, clinics, laboratories, radiologists,
pathologists and specialists whether working as a Sole Proprietorship,
Partnership or Corporate bodies can avail medical equipment
lease facility from PICIC. This facility will help upgrade
their existing facilities in an affordable manner. PICIC has
also initiated Auto Leasing. PICIC ensures that the return
on our lease finance remains competitive and in line with
the market.
LEASE FINANCE TERMS & CONDITIONS
To achieve the target we are flexible in finalizing our terms,
we endeavor to meet our customers requirements, Lease finance
proposal has to result in WIN-WIN solution for both the lessor
and the lessee.
Few major guidelines for availing our lease finance are:
Types of Assets Leased
• Industrial Plant / Machinery / equipment
• Medical Equipments
• All major kinds of transportation vehicle (Personal
/ Commercial)
• Locally manufactured machinery and equipment.
• Agriculture Equipment.
• Office & business equipment.
• House-hold equipment
Lease Size : Minimum Rs. 100,000/-
Lease Tenure : 3 – 5 years as per customer’s
requirement
Lease Rentals : Monthly / quarterly. In exceptional
cases six monthly rentals may also be fixed.
Lease Rentals : Can be uniform or structured
and fixed according to the projects requirements on competitive
basis. The amount varies case to case basis.
Lease Key
Money : 10 % - 30% on case to case basis.
Lease Securities
• Assts ownership
• Personal guarantees
• Collateral securities, if applicable
• Post dated cheques.
Fee & Charges : Nominal
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