FAQ

After the payment of the redemption option (usually the final instalment of the same amount as the preceding one) the leasing company, in the case of the immovable property, issues a land register permit for the transfer of the property right to the leasee, respectively, on the discharge of the debt the certificate, as well as the consent for the transfer of the property right passes to the leasee.

The redemption option is a subject matter of the financial leasing agreement. Before the expiry of the agreement the lessor will inform you about the possibility of buying the option off - the value of the option is usually the subject matter of the preliminary agreement and can equal the other monthly instalments, but this is not necessarily so. If you do not buy the option off, legally we cannot transfer ownership to you. However, the leasing agreement can be extended by common consent for the value of the option.

Yes, special terms can be agreed upon in the case of prior redemption when entering into an agreement.

The basic difference between leasing and credit is in the credit insurance towards creditor. In principle, leasing does not require the assurance of additional surety bonds or securities, since the guarantee for the subject matter of the leasing agreement, the movable property (or the immovable property), is the lessor''s property right.

In cases where a client has opted for the fixed interest rate, then the instalments are fixed. However, we also offer the option of a variable interest rate with the EUR or CHF clauses that are tied to EURIBOR or LIBOR. In this case, the instalment amount changes.

The amount of the minimum deposit is determined on the basis of the analysis of the subject matter of the lease, the leasee''s/guarantor''s ability to pay, any possible additional insurance, and the maturity repayment terms. We are offering the finance of up to 90% of the value of the subject matter of the lease.

In this case we talk about the private funding or deposit. The NLB lease enables the finance of up to 90% of the value of the subject matter of the lease and the leasee assures the difference by himself in the form of a deposit.

The period of finance depends on your financial admissibility or ability to pay, the amount to be financed, any additional insurance, the subject matter of the lease, and in the event of a project’s implementation, on the nature of the investment. The longest possible period is 25 years (for the lease of immovable property and is meant for natural persons).

In principle, the finance insurance presents the suspended legal ownership of the subject matter of the lease. The remaining required insurance (among them the sureties of a natural person or a legal entity) are defined depending on your financial admissibility, the amount to be financed, the ability to pay, the maturity of financing, the subject matter of lease, and, in the event of a project’s implementation, on the nature of the investment.

A Lease is arranged within five working days of the receipt of all required, correctly prepared and completed documentation.
NLB golden account holders are ensured the implementation of a lease for vehicles within 24 hours following the receipt of completed and correctly prepared documentation.

The lessor expresses the risk of investment, respectively, of financing, by the interest rate. It depends on your financial admissibility or ability to pay, the period of financing, the subject matter of the lease, the amount of finance and other insurance, and, in the event of a project’s implementation, on the nature of the investment.
It is also necessary to bear in mind that the interest rate also depends on the currency in which the agreement is concluded. The interest rate can be fixed, however, in the case of financing with the application of the CHF or EUR clauses, it can be variable, and represents the surcharge between the inter-bank interest rate EURIBOR+ and in the case of the CHF clause it is expressed by LIBOR (CHF) +.

The costs are tied with regard to the subject matter of lease; however, leasees often bear the following costs:

• The transaction/leasing approval costs, and the cost of preparing documents,
• Possible agency commission upon which the company cannot exert influence (most frequently these appear in the case of immovable properties or equipment),
• Possible legal services on which the company cannot exert influence (most frequently in the case of immovable properties or equipment),
• Notary services (most frequently in the case of immovable properties),
• Land registry taxes and stamp duty (in the case of immovable properties),
• The acquisition of appraisal when required (frequently unnecessary for new buildings and new equipment),
• All tax liabilities, if not agreed upon that they are defrayed by the seller,
• Insurance costs of the subject matter of the lease regarding its nature.

The principle applies that in the course of the duration of the leasing agreement, the leasee is charged for all expenses incurred that result from the possession/use/ownership of immovable property and as if the leasee was the legal owner of the immovable property.

The basic difference between leasing and credit is in the debt insurance. When leasing, this represents the very subject matter of the lease, so, that debt insurance at the insurance company is not required and consequently the costs that otherwise arise with the borrowing of credit do not take place.

Yes. The calculation of the ability to pay considers all the ascertainable monthly incomes on the account. In any case this can affect the establishment of the required deposit (let us say not 10%, but 20%), or other terms (interest rate), if a higher deposit, surety or other insurance, is not possible (pledge of assets).

The subject matter of the insurance is the subject matter of the lease itself, and the additional terms which can influence the establishment of the deposit can be the pledge of assets (another immovable property, saving deposit, and deposits) or sureties of companies and natural persons. In the case of legal entities this can also be the bank guarantee. An appraisal of the value of the subject matter of the lease in the market is requested for the establishment of a deposit.

Our business policy dictates a 30% deposit for vehicles and 20% for immovable properties. A reduction is possible if the leasee has excellent financial admissibility or an additional surety.

The appraisal of the value of the subject matter of the lease in the market is requested for the establishment of a deposit. The purchase value does not equal the market value. Our business policy dictates a 30% deposit for vehicles and 20% for immovable properties. A reduction is possible if the leasee has excellent financial admissibility or an additional surety.

The guarantor can also be a company, the owner of which is a person and the financial admissibility of both are taken into consideration (that of the company and the ability of the person to pay). Otherwise we proceed/decide following the ability to pay of the person who is the leasee, the consideration of ownership relations, however, is only an additional factor in the decision making process (in certain cases this means an influence on better terms).

This depends on the complexity of a transaction and the subject matter of the lease. The time limit for the lease of vehicles can be up to two working days following the receipt of all the required documents (maybe even one day), and for the lease of equipment the process can range from one to five days (for more complex transactions of a higher value may require a longer period), and those for the leasing of immovable properties are approximately 2 weeks. The clients'' wishes are an important element in the determination of time (leasee and seller/supplier), as well as the accessibility and the responsiveness of the leasee in case of additional requests/needs (such as land registry documents).

The leasing of economic activity is excluded from the law of dual pricing and your liabilities, which are otherwise already nominated in the EUR clause, remain unchanged. For more information please refer to Euro news.

The sale & lease back product, respectively the "sale and repeated rent/lease" has no a priori deficiencies or negative effects. In any case, the transaction shall be planned precisely, as it can exert indirect effects on business operations. The same consequences, which can present deficiencies for one person, can provide advantage for those who plan to benefit from them. Here you can benefit from the assistance of our advisors, who are acquainted with the individual direct and indirect influences on business operations, respectively, financial statements. For the reasons of the above mentioned facts, these types of leasing are appropriate for companies with excellent financial admissibility as well as companies with weaker financial admissibility, and even for those companies in the procedure of compulsory composition. As we can establish, financial admissibility is not the criterion for the classification of the scope of the implementation of the said transaction.

However, the product is especially interesting for companies that:

• are disposing with the appropriate maturity repayment term of financial resources and limited credit potential, respectively, those companies which by means of this (precisely planned) transaction benefit from certain tax and other financial-accounting effects,
• wish to state a higher profit on the account of extraordinary revenues from operation,
• are planning bigger investments that require a considerable amount of floating capital which the banks have estimated to be too risky,
• are planning with greater precision their financial future and are monitoring the gearings and effects on the business operations related to the transaction, respectively, the financial statements.