At M.I.S.S (Micro Investment Support Services Ltd.), we understand that unexpected financial needs can arise even when you already have an active lease facility. Our Personal Lease Financing is designed to provide existing leasing clients with additional financial support when they need it, while helping them maintain their lease obligations and protect the value of their financed assets.
Flexible Financial Support When You Need It
The Personal Lease facility is primarily available to existing M.I.S.S leasing clients, particularly clients with genuine or emerging financial challenges that may affect their ability to maintain the leased asset and meet their existing repayment obligations.
The facility provides additional funds that can help the lessee address pressing financial needs, maintain the leased asset and strengthen their ability to continue servicing the existing lease.
This facility can run simultaneously with an existing lease contract, subject to the client’s eligibility and satisfactory assessment.
Key Features
• Available to existing M.I.S.S leasing clients
• Can run alongside an existing lease facility
• Maximum repayment period of 10 months
• Both principal and interest are incorporated into the agreed repayment schedule
• Monthly repayment structure
• Facility amount is subject to assessment and approval
• Processing fee and applicable insurance premium apply
• Upfront rental is required before disbursement
• Monitoring of the financed funds may be conducted to ensure they are used for the approved purpose
Who Can Apply?
Existing M.I.S.S clients who require additional financial support may apply for the facility.
Applicants must demonstrate the ability to service both the existing lease obligation and the Personal Lease facility. M.I.S.S will assess the applicant’s repayment capacity before approval.
Where applicable, guarantors will also be assessed as part of the credit evaluation process.
Before Disbursement
Once a Personal Lease facility is approved, applicable charges must be settled before the funds are disbursed. These may include:
• Processing fee
• Insurance premium
• Upfront rental
The insurance premium provides applicable coverage against death and covered environmental hazards, subject to the terms, conditions and exclusions of the relevant insurance policy.
Repayment
Repayment is made on a monthly basis according to the agreed repayment schedule.
Clients are expected to make their repayments on or before the agreed due dates. A surcharge or applicable penalty fee may be charged for delayed payments, in accordance with the terms of the lease agreement.
Responsible Use of Funds
To ensure that the facility achieves its intended purpose, M.I.S.S may monitor the use of the disbursed funds. This helps minimise diversion of funds and ensures that the financing is applied toward the purpose for which it was approved.
Helping You Stay on Track
The Personal Lease facility is designed to give existing clients access to additional financial support while helping them maintain their lease commitments.
At M.I.S.S, our objective is not only to provide financing but also to support our clients in managing their financial obligations responsibly.
If you are an existing M.I.S.S client and require additional financial support, speak with us to explore whether the Personal Lease facility is right for you.