Initial Stage (Receipt of Documents)

Receipt of completed application form, key documents and non-refundable application fee from the client.

Applicant selects asset from approved suppliers indicating agreement with costs and specifications.

Pre-appraisal Stage

Assessment of business premise/enterprise - PASS lease officer will visit the applicant premise to assess the applicant and business for further processes.

During site visit, lease officers will discuss business overview, production process, costs, revenue, raw materials, customers, debtors and creditors information.

Assessment Stage

Lease officers prepare appraisal documents for further analysis and review by the management.

Management checks details on business capacity and credit history for approval.

Approval Stage

After approval, client signs all necessary documents including the lease agreement.

Client pays facility fee and equity contribution for the purchase of the lease asset.

PASS proceeds with purchase order to acquire the requested asset.

Delivery Stage

Asset is delivered to the lessee by the supplier in the presence of PASS Leasing officers.

PASS shares the repayment schedule as indicated in the lease agreement.

Monitoring Stage

PASS monitors the lessee's businesses and the asset financed through frequent monitoring visits.

During site visits, lease officers discuss business performance and impact of the leased asset.

Lessee deposits rentals as indicated in the lease agreement.

Loan Completion and Purchase Option

Upon successful completion of all repayments, the lessee has an option to buy the asset at a token or zero sum.

Ownership documents are transferred to the lessee at lessee's cost.