At M.I.S.S (Micro Investment Support Services Ltd.), we understand that a successful business or personal financing relationship should not end when a lease facility is completed. As your financial needs evolve, you may require another asset, additional financing or a replacement for an existing asset.
Our Renewable Lease Financing is designed to provide eligible clients with continued access to lease financing, allowing them to renew their existing facility or obtain financing for another productive asset without having to start from scratch.
The facility is particularly suitable for clients who have demonstrated a good repayment history and have successfully managed their previous lease obligations.
How Renewable Lease Works
A Renewable Lease provides an opportunity for an existing client to access a new lease facility upon the maturity, substantial repayment or successful performance of an existing lease, subject to a fresh assessment and approval by M.I.S.S.
Depending on the client’s circumstances, the renewed facility may be used to:
• Acquire a replacement asset
• Upgrade an existing asset
• Acquire an additional asset
• Expand business operations
• Support increased business activity
• Meet new personal or business financing needs
The new facility will be assessed based on the client’s current financial position, repayment capacity, cash flow and the purpose of the proposed lease.
Who Can Apply?
Renewable Lease Financing is suitable for clients who have an existing or previously completed lease relationship with M.I.S.S, including:
• Individuals and entrepreneurs
• Registered businesses and companies
• SMEs
• Corporate organisations
• NGOs
• Other eligible clients with a satisfactory lease history
Previous clients with a good repayment record may benefit from a smoother assessment process, although every new facility remains subject to M.I.S.S’s credit evaluation and approval.
Product Features
• Opportunity to obtain a new lease after successful performance of an existing facility
• Suitable for both individual and corporate clients
• Financing for replacement, upgraded or additional assets
• Flexible lease structuring based on the client’s repayment capacity
• Assessment based on current income and cash flow
• Comprehensive insurance cover on applicable financed assets
• Repayment structured according to the approved lease plan
• Financing may be available without traditional collateral, subject to the applicable product and credit assessment
• Existing clients may benefit from their established relationship and repayment history with M.I.S.S
Product Benefits
1. Continued Access to Financing
A successful lease relationship can provide an opportunity to access another facility when your financing needs grow or change.
2. Upgrade or Replace Your Asset
As your business grows, your existing asset may no longer be sufficient. Renewable Lease allows you to finance a replacement or upgrade that can improve productivity and efficiency.
3. Support Business Expansion
Clients can use a renewed facility to acquire additional assets and increase their operational capacity.
4. Flexible Repayment
The new lease can be structured around the client’s current financial capacity and expected cash flow, subject to M.I.S.S’s assessment and approval.
5. Insurance Protection
Applicable financed assets are covered by comprehensive insurance, subject to the terms, conditions and exclusions of the relevant insurance policy.
6. Rewarding Good Lease Performance
Clients who have demonstrated responsible repayment and proper management of their previous facility can establish a stronger financing relationship with M.I.S.S.
Eligibility & Assessment
Renewal is not automatic. Every new facility is subject to an assessment to determine the client’s current ability to repay.
M.I.S.S may consider:
• Previous repayment history
• Current income and cash flow
• Existing financial obligations
• Purpose of the new facility
• Value and condition of the proposed asset
• Business performance, where applicable
• Guarantor information, where required
• Other relevant credit assessment criteria
The approved amount, repayment period and applicable charges will depend on the outcome of the assessment.
Charges & Disbursement
Before disbursement of an approved Renewable Lease facility, the client may be required to pay applicable:
• Processing fees
• Insurance premium
• Upfront rental
• Other applicable charges stated in the lease agreement
All applicable charges and repayment obligations will be communicated to the client before the facility is disbursed.
Who Is Renewable Lease Best For?
Renewable Lease is ideal for clients who have outgrown their existing assets, need replacement equipment, want to expand their operations or require continued access to asset financing.
For example, a business that successfully financed a vehicle through M.I.S.S and has maintained its repayment obligations may subsequently require another vehicle to expand its fleet. Rather than sourcing an entirely different financing arrangement, the client can apply for a new lease facility under the Renewable Lease programme, subject to assessment and approval.
Why Choose M.I.S.S?
At M.I.S.S, we believe that financing should grow with our clients.
Our Renewable Lease gives successful clients the opportunity to build on an existing relationship while accessing the assets and financing they need for their next stage of growth.
Complete one lease. Build your track record. Renew your opportunity.
Whether you need to replace an old asset, upgrade your equipment, add another vehicle or expand your business, M.I.S.S is ready to support your next step.