A Joint Venture With KDB Capital Corporation In Korea

  
 

It is a jungle out there. The creatures are evolving and changing their habitats and surroundings in their wake. So are your needs. And those of your dependents.
Let our team of financial professionals help you navigate through the rough spots and provide you with a combination of products geared for your particular requirements. Our warranty consists of:
  - Prompt Services
  - Better Interest Rates
  - Customer Friendly Procedures
  - Secured Returns
 

Loans and Advances
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We offer competitive lending interest rates ranging from 13% to 17% p.a., effortless transactions and substantial principal as well as maturity periods extending from 2 to 10 years for a selection of credit needs. Auto dealers, real estate developers, real estate investors, business people in need of working capital and long term funds, households and corporations seeking for housing finance, parents interested in securing the future of their children through a robust educational base; all can acquire solutions under one roof – ours.
 
Our credit portfolio consists of:
  - Lease Finance
  - Hire Purchase Loan
  - Term Loan/Business Loan
  - Housing Loan
  - Education Loan
  - Working Capital Loan
  - Project Financing through Syndication
  - Loan against Depository/Securities Receipts etc.
 


An Overview of Lease Financing Provided by ILFCO

Leasing is long-term financing in lieu of borrowing funds for use of equipment. These will include Industrial Machines and Plants, Aviation Equipment, Various Hotel Facilities and Equipment, Office Equipment such as Computers, Heavy Construction Equipment, Transportation Equipment, Medical Equipment etc. ILFCO will buy the equipment of your own specifications, supplier and terms and conditions including price and provide you with exclusive right of use for non-cancelable lease term (generally ranging from 2 to 5 years) covering significant portion of the economic life of the equipment.

Lease Financing-Benefits

  1. With financial flexibility, you can utilize your own capital elsewhere to generate higher profit.

  2. Off Balance Sheet Effects can improve your financial ratios.

  3. 100% financing is available by ILFCO paying incidental costs as well as the purchase price itself.

  4. Payment of fixed rental can protect you against inflation.

  5. Lease rental, being a tax-deductible expenditure, can provide a greater tax benefit than loans.

Lease Financing-Basic Terms

  • Acquisition Cost: Acquisition Cost is constituted by the actual purchase price and other incidental expenses such as customs duty, other taxes, L/C opening charges, insurance premium, freight, transportation, storage charges, and financial expenses etc.

  • Lease Rental: Lease rental is determined based on acquisition cost and lease term by monthly or quarterly basis.

  • Insurance: All the leased equipment shall be covered by insurance for the entire lease term as ILFCO decides with your cost.

  • Lease Renewal: At the expiration of the lease term, you may renew the lease on a year-to-year basis at a predetermined rental, or return the equipment to ILFCO.

Deposits
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   Fixed Deposit

DEPOSIT RATE

Payment frequency Maturity

Quarterly
p.a.

Yearly
p.a.

At Maturity
p.a.

3 Months

7.00%

-

7.00%

6 Months

7.50%

-

7.57%

12 Months

9.25%

9.58%

9.58%

2 Years

9.40%

9.74%

10.21%

3 Years

9.50%

9.84%

10.84%

4 Years

9.60%

9.95%

11.54%

5 Years

9.75%

10.11%

12.37%

 

  • For fixed deposit scheme, the interest will be calculated and paid on a three-month basis.

  • For the cumulative scheme, the interest will be compounded every three months with interest payment at maturity. Each effective rate is given above.

    ILFCO Saving Deposit     – Annual interest rate of 7.00% p.a., with interest compounded on a quarterly basis.
    Recurring Deposit

Other Services 
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  • Merchant Banking Business

  • Consulting and Advisory Services

  • Guarantee Issuance