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Customers

Eligible applicants

1. Leasing facilities for consumers:

a. Individual:

Type of good: household goods, computers, automobiles, and other durable ‎goods.‎
Characteristics: 1) filing separate applications for each applicant, 2) direct ‎payment of installments by the applicant. ‎

b. Group (project):‎

Type of good: household goods, computers, automobiles, and other durable ‎goods.‎
Characteristics: 1) filing applications for each project or project owner, 2) ‎single payment of all installments at the end of each month by project owner. ‎

2. Leasing facilities for commercial customers:‎

Type of good: productive and service machinery, medical equipment, office ‎buildings, etc.‎
Classification: a) direct (case by case basis): the customer contacts the ‎company directly, or through a marketing agent, and applies for the purchase ‎of a pre-determined good of a seller; b) indirect (project basis): the customer ‎is referred to the company by the producer or seller which has an agreement ‎for special sales with the Shade Leasing Co. ‎

Leasing procedures

1. Consumer leasing: ‎

a. Individual:‎

a. 1. Durable goods:‎
‎ ‎
‎1.‎ The applicant visits the showroom or the sales agent and acquires a ‎pro forma invoice,‎
‎2.‎ The applicant brings the pro forma invoice along with required ‎identification and credit documents to the Shade Leasing office,‎
‎3.‎ The cosigner accompanies the applicant along with the required ‎documents,‎
‎4.‎ The completion of application forms in the presence of company ‎representative,‎
‎5.‎ The securing of necessary collaterals and guarantees by the company ‎representative,‎
‎6.‎ The registration of the leasing contract in the system,‎
‎7.‎ The signing of the leasing contract,‎
‎8.‎ The comparison of the pro forma invoice and the actual invoice, the ‎preparation of the sales report and their submission to the financial ‎department, along with the credit documents necessary for the ‎issuance of the check made out to the seller,‎
‎9.‎ The applicant submits the delivery form to the seller and receives the ‎good. ‎

a. 2. Automobiles: ‎

‎1.‎ The applicant visits the company or sales agent,‎
‎2.‎ The determination of the type of automobile and the required amount of ‎facilities, and the completion of identification and credit documents, ‎
‎3.‎ The cosigner accompanies the applicant along with the required ‎documents,‎
‎4.‎ The securing of necessary collaterals and guarantees by the company ‎representative,‎
‎5.‎ The registration of the leasing contract in the system,‎
‎6.‎ The signing of the leasing contract,‎
‎7.‎ Correspondence with the insurance company for the issuance of full-‎coverage policy,‎
‎8.‎ Correspondence with the traffic police department for the issuance of ‎the automobile license plate,‎
‎9.‎ The issuance of the check made out to the automobile dealer or ‎company,‎
‎10. Taking delivery of the automobile and acquiring the delivery ‎documents. ‎

b. Group (project): ‎

‎1.‎ The applicants must be employed by a state organization, or an ‎established private company.‎
‎2.‎ The applicants, having acquired an introduction letter from their ‎employer, visit a provider of goods in contract with the Shade Leasing ‎Co. and secure a pro forma invoice, up to the predetermined amount, ‎which along with other required documents are submitted to the leasing ‎office for the filing of the application.‎
‎3.‎ The seller, having received the documents and the approved list from ‎the employer, along with checks and the employer's promissory note ‎regarding the deduction of installment payments from the monthly ‎salary of the applicants and depositing them in the Shade account, ‎submits them to the Shade Leasing Co. ‎
‎4.‎ The rest of the procedure is similar to that of a.1. ‎

2. Commercial customers (capital goods):‎

‎1.‎ The submission of the application form,‎
‎2.‎ The determination of the good and the amount of loan,‎
‎3.‎ The cosigner accompanies the applicant along with the required ‎documents,‎
‎4.‎ The collection of credit information or the preparation of credit report by ‎the credit specialist,‎
‎5.‎ The preparation of the proposal for submission to the approval ‎committee,‎
‎6.‎ The securing of collaterals and guarantees and the meeting of agreed ‎requirements,‎
‎7.‎ Referral to the notary office for the preparation of the collateralized ‎deed, in case the granting of facilities is contingent upon the ‎collateralization of a property,‎
‎8.‎ The registration of contract in the system,‎
‎9.‎ The signing of contract with the leasing company,‎
‎10. The preparation of sales and delivery report and its submission to the ‎accounting department, along with the required documents for the ‎issuance of the check made out to the seller or producer. ‎

Credit documents

The type of required documentation depends on whether the applicant is an ‎individual or legal entity. They include documents relating to the validation of ‎the identity of the legal entity, and the professional competence and financial ‎capacity of the applicant.‎

a. Individuals: ‎

‎1.‎ The birth certificates of the applicant and consigner,‎
‎2.‎ The national cards of the applicant and cosigner,‎
‎3.‎ The commercial permits of the applicant and cosigner,‎
‎4.‎ A print of the current account of the applicant for a minimum 6-month ‎period, validated by the bank,‎
‎5.‎ A print of the current account of the cosigner for a minimum 1-month ‎period, validated by the bank,‎
‎6.‎ The latest salary slips of government employees and those of ‎government affiliated organizations, along with the latest employment ‎decrees by the personnel department, for both the applicant and ‎cosigner,‎
‎7.‎ The latest salary slips for private sector employees, along with a ‎facsimile of the record of their insurance payments, for both the ‎applicant and cosigner,‎
‎8.‎ The credit/specialist report,‎
‎9.‎ Other required documents. ‎

b. Legal entities:

‎1.‎ The company charter,‎
‎2.‎ The notice of the establishment of company,‎
‎3.‎ The legal gazette (the first legal gazette with the latest changes),‎
‎4.‎ The birth certificates and national cards of company executives,‎
‎5.‎ The ownership deed of the office property,‎
‎6.‎ The commercial card,‎
‎7.‎ The commercial or development permit,‎
‎8.‎ A print of the current account for a minimum 6-month period, validated ‎by the bank,‎
‎9.‎ The credit/specialist report,‎
‎10. Other required documents.‎

Note: The requirement or otherwise of certain of the above documents ‎remains at the discretion of the leasing authority. ‎

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