Understand our step-by-step leasing process from initial application to final asset ownership.
A transparent, efficient process designed to get you the equipment you need quickly and hassle-free.
PASS Leasing Company Limited process descriptions:
Receipt of completed application form, key documents and non-refundable application fee from client.
Applicant selects asset from approved suppliers.
1-2 DaysAssessment of business premise/enterprise. PASS lease officer visits to assess business.
Discuss business overview, production process, costs, revenue, raw materials, customers.
3-5 DaysLease officers prepare appraisal documents for review by management.
Management checks business capacity and credit history for approval.
2-3 DaysClient signs lease agreement after approval.
Client pays facility fee and equity contribution for asset purchase.
PASS issues purchase order for the asset.
1-2 DaysAsset delivered to lessee in presence of PASS officers.
PASS shares repayment schedule as per lease agreement.
5-10 DaysPASS monitors lessee's business and asset through frequent visits.
Discuss business performance and impact of leased asset.
Lessee deposits rentals as indicated in lease agreement.
OngoingUpon successful completion, lessee has option to buy asset at token sum.
Ownership documents transferred to lessee.
Asset Ownership