For Tax Payers & Non Tax Payers who are Bank of Ceylon Customers

• Plant & Machinery Heavy Equipment,Cranes, Forklifts, Earth Movers etc.
• Office equipment (Capital Items)
• Motor Vehicles Buses, Cars, Vans, Lorries, Trucks, Tractors etc.
• Professional Equipment for Doctors, Engineers, Surveyors etc.

Terms & Conditions

• Sum advanced by Bank of Ceylon upto maximum of 100% value of Asset (Purchase Price) for Tax Payers.
• Up-front rental – Payment by lessee to be decided on case by case basis.
• Period – Linked to depreciation allowance for tax purposes and cash flow (3 – 5 years)
• Security – Lease Agreement Any other acceptable security if deemed necessary.
• Special Terms negotiable
• Non-customers too will be considered on case by case basis.

° Ran Mithuru Leasing Scheme

• Income tax payments not required.
• Savings account would be sufficient.
• Lease capital from Rs.2 Lakhs up to Rs.1 Mn. available.
• Rate of advance – 50% of the cost of an asset.
• Contribution of 50% can be in the form of BOC Savings built up within 3 – 24 months.
• Concessionary rates/low lease rentals.

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° BOC Professionals Leasing Scheme

- for Members of Professional Bodies

Usual Bank eligibility criteria

• Possession of Professional Membership Certification or
  Letter of introduction issued by the relevant professional
  body
• Salaried employees earning over Rs.20,000/- per month
• High net worth individuals & Companies could also apply under this scheme

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Leasing Assets Considered Under Professional Leasing Scheme

• Hi-Tech Office equipment
• Professional equipment
• Cars, Pick-ups etc.

Affordable ‘pay-as-you-earn’ lease rentals, from monthly salary or other income such as fees relevant to the respective field of work. (documentary evidence of income needed)

Free Insurance Cover for Professional Leasing Scheme Only

• For the Leased equipment (except vehicles) from the Bank of Ceylon covering the entire lease period

Special Features of BOC Leasing

• Free of Documentation/Service or any hidden charges
• Speedy and Courteous Service
• No hassles

The VAT component on purchasing the selected vehicle/equipment is met by the Bank and applicable for all our leasing facilities.

Repayment could be through existing business income, additional income generated by leased vehicle/equipment, monthly salary and/or extra income earned as professional fees.

For more details contact

BOC Leasing Dept Tel./Fax: 2445812