QNB

Leasing Cycle

  • QNB Leasing Company submits an initial offer containing all the basic conditions of the leasing contract.
  • The customer signs the initial offer.
  • Central Bank of Egypt (CBE) and market investigations is performed.
  • Obtaining credit approval .
  • Concluding and signing the leasing contract.
  • Purchasing the asset and delivering it to the customer.
  • The company shall conduct a site visit to ensure that the received asset is matching with specification set out in the invoice.
  • Receiving the payment documents from the supplier and settling the due payments.
  • Activating the leasing contract and registering it at the Financial Regulatory Authority (FRA).
  • The lessee’s starts to pay the rental payments according to the leasing contract.

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