Lease Support Facility
Product Overview
The Lease Support Facility is a specialized financial support product designed exclusively for existing MISS leasing clients. The facility provides additional funding to eligible lessees to support the maintenance, repair, or continued productivity of leased assets, thereby enhancing business operations and reducing the risk of lease delinquency.
This solution enables clients to access supplementary funds when needed to ensure their leased assets remain operational and income-generating. By supporting asset sustainability, the facility helps clients maintain regular lease repayments while improving overall business performance.
How It Works
The Lease Support Facility operates alongside an existing lease contract and may run concurrently with the primary lease agreement. Approved funds are provided to support asset-related needs, helping clients overcome temporary financial constraints and preserve the value and functionality of leased equipment.
The facility has a maximum tenor of 10 months, with both principal and applicable charges incorporated into an agreed repayment schedule.
Eligibility Requirements
To qualify for the facility, applicants must:
- Be an existing MISS leasing client.
- Demonstrate a genuine need for financial support related to the leased asset.
- Show the capacity to service both the existing lease obligation and the additional facility.
- Provide acceptable guarantors where required.
- Successfully pass the company’s credit and risk assessment process.
Both the applicant and guarantor(s) will be subject to evaluation before approval is granted.
Facility Features
- Available exclusively to existing leasing clients.
- Supports maintenance, repair, and operational sustainability of leased assets.
- Runs simultaneously with an existing lease contract.
- Maximum repayment tenor of 10 months.
- Structured monthly repayment plan.
- Comprehensive insurance coverage included.
- Continuous monitoring to ensure proper utilization of funds.
Charges and Conditions
Approved facilities may attract:
- Processing fee
- Insurance premium
- Upfront rental payment where applicable
The insurance coverage provides protection against unforeseen events, including death, environmental hazards, and other covered risks in accordance with the policy terms.
Repayment Terms
Repayments are made on a monthly basis according to the agreed schedule. Clients are expected to maintain prompt repayments throughout the facility period.
Any delay in repayment may attract applicable surcharge fees in line with the company’s credit policy.
Key Benefits
- Provides timely financial support for asset maintenance and business continuity.
- Helps reduce the risk of lease delinquency.
- Preserves the productivity and value of leased assets.
- Supports uninterrupted business operations.
- Flexible repayment structure.
- Enhances clients’ ability to meet existing lease obligations.
- Promotes long-term financial stability and business growth.
At MISS, we remain committed to supporting our clients throughout their leasing journey by providing innovative financial solutions that help businesses succeed and thrive.