Initial Stage (Receipt of Documents)

Receipt of completed application form, key documents and non refundable application fee from the client.

Applicant selects asset from approved suppliers indicating agreement with costs and specifications.

Pre-appraisal stage (Visit to the Entrepreneur/ Client)

Assessment of business Premise/ enterprise - PASS lease officer will visit the applicant premise to assess the applicant and business for further processes.

During site visit, lease officers will discuss with the applicant on the business overview, ranging from production process, costs involved, revenue, raw materials, customers, debtors and creditors information as well as the impact that the requested asset has on the business.

Assessment Stage

Lease officers will prepare appraisal documents for further analysis and review by the management.

Management will check details on business capacity, credit history for their approval

Approval Stage

After approval, client will sign all necessary documents including the lease agreement

Client will pay facility fee and equity contribution for the purchase of the lease asset.

PASS will proceed with purchase order to acquire the requested asset.

Delivery Stage

Asset will be delivered to the lessee by the supplier in the presence of PASS Leasing officers.

PASS will share the repayment schedule as indicated in the lease agreement

Monitoring Stage

PASS will monitor the lessee’s businesses and the asset financed by conducting frequent monitoring visits.

During site visit, lease officers will discuss with the applicant on the business overview, ranging from production process, costs involved, revenue, raw materials, customers, debtors and creditors information as well as the impact that the requested asset has on the business.

Lessee should deposit rentals as indicated in the lease agreement

Loan Completion and Purchase Option

Upon successful completion of all repayments as per the lease agreement, the lessee will have an option to buy an asset at a token or zero sum as a purchase option.

Ownership documents will be transferred to the lessee at lessee’s cost.

Management will check details on business capacity, credit history for their approval