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Products
& Services: Quick Lease
 ORIX
Leasing Malaysia Berhad
Quick Lease, your fast, efficient one stop financing solution center for your office
and medical equipment.
Why Quick Lease?
Quick Lease in general provides financing for both individuals as well as for those involved in businesses.
Sole proprietorship, partnership, branch offices, regional offices, representative offices, limited & listed companies are eligible for financing facilities.
What is the minimum cost?
As the name implies "Quick" the processing and approval time in general is between
three to five working days and equipment ranges between RM3,000 to RM75,000.00.
What equipment can Quick Lease finance?
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Computer
System - notebooks, desktops, printers, and servers.
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Telecommunication - key-phone systems, facsimiles, PABX,
and audio systems.
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Office
Equipment - photocopiers, duplicators, projectors, air-conditioners, Medical equipment,
and postal equipment.
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Medical Equipment - Autoclaves, medical chairs, X-ray machines, blood testing equipment
and other medical instruments.
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Light
Industrial Machinery - Lorries, forklifts, garage
equipment,
and
printing machineries.
What type of financing is available in Quick Lease?
Basic form of financing is
1.Leasing - for companies
2.Hire Purchase - companies and individuals
3.Installment payment scheme - applicable to individuals with supplier
arrangements
How can Quick Lease help you
Once you have decided on the equipment to be financed contact us at
Quick Lease Department Tel : 03-20597333 or
20597000
Quick Lease Department Fax : 03-21485713
Quick Lease Department E-mail : Quicklease@orix.com.my
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The application process is
simple and fast. Just tell us your financing needs, confirm the
equipment and send or fax your supplier's quotation and your
individual/company' documents. |
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OLM
will process your application and upon approval, financing documents will be forwarded to you. For individual hire purchase applications,
an appointment will be made for the applicant to sign the document in
the OLM office nearest to you.
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Once
an applicant has properly executed Documents, a Letter of Under taking/Confirmed Purchase Order will be forwarded to
the supplier.
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Next the supplier delivers the equipment. The customer inspects and confirms delivery
and acceptance of equipment to OLM and commence the financing agreement.
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OLM pays supplier.
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How do Individuals qualify?
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Minimum amount financed is RM2,000.00
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Maximum
amount financed is 80% of purchase cost.
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Choice of repayment is 12 months for amount costing less than RM 5,000.00 and/or 18 months for equipment costing above RM5,000.00 24 months repayment is applicable for equipment costing RM7,000.00 and above.
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Monthly installment payment by postdated cheque/bank direct debit arrangement.
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A Malaysian citizen or Malaysian Permanent resident based in Malaysia only.
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Qualifying age between 21 to 55 years of age. (If applicant is non-income earner, the parents/immediate family member
must be the applicant.
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Minimum gross
salary of RM2,000.00 and amount financed shall not exceed
two
times the applicant's gross monthly income.
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No bankruptcy or existing legal proceedings being made against the applicant as revealed by searches.
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No guarantor required.
Exceptions:
a) Amount required is more than credit limit
b) Foreign applicants - local guarantor required
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What are the documents required for individuals
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Signed Application Form to be accompanied by the signed Supplier's quotation.
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Copy of applicant's
and guarantor's
a) For salaried employees:
- Copy of last three months salary slips
b) For self-employed, copy of last three months bank statements
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commission statements.
c) Latest Income tax returns or EA forms
d) Identity card.
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Payment mode
By postdated cheque - photocopy of latest bank statement
By bank direct debit - photocopy of front page of savings account (showing customer's name
and account number)
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What about Business Applications
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BUSINESS CUSTOMERS
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Minimum amount financed is RM2,800.00
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Down-payment may be required
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Choice of repayment 24 and 36 months.
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Monthly payment by postdated cheque or bank direct debit arrangement.
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Malaysian incorporated company / branch / representative office.
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For sole proprietorship
/ partnership
a) One year business track
b) Guarantor is necessary
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For limited Company
a) One year business track. Active local directors/share holders will stand as guarantors or corporate guarantee from associated or holding company that meets the credit approval.
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No bounced
cheque records/delinquent payment record with any banks or financial institutions as revealed by searches.
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No existing litigation proceedings against customer and
guarantors. Strict verification on newly set up company, such as dot com, cyber cafes and those involved in the entertainment industries.
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Documents required for business application
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BUSINESS CUSTOMERS
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Signed Application Form
to be accompanied by the signed Supplier's quotation
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For
limited companies
a) Memorandum and Articles of Association. Form 24 & 49
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For
sole proprietorship/ partnership
b) Business Registration Form (Borang A & D)
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For
professional firm, branch offices, regional offices,
representative offices.
c) Practicing certificates - latest
d) Approval letter for practice from relevant
bodies
e) Curricula Vitae - if any
f) Major list of projects/contracts - if any
- Annual Report - if any
- Latest
six months' bank statements.
- Bank Facilities - offer letter.
- Latest
one year Audited accounts.
- Identity card - photocopy of Directors,
Partners / Sole Proprietorship, Guarantors
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