OREANDA-NEWS. November 17, 2011. Uniastrum’s leasing arm has put together a special program providing funds for small and medium enterprises to acquire automobiles and trucks, repayable over 5 years, reported the press-centre of Uniastrum.

Under the scheme, the monthly cost of leasing, for instance, a 4,000,000-ruble bed truck for 5 years with upfront payment of 25% comes to less than Rb 80,000. Moreover, average annual appreciation is below 9% irrespective of the manufacturer.

For enterprises looking to acquire equipment or production lines, the loan term has been extended to 4 years. Meantime, SMEs can also take advantage of a property leasing scheme offering credit repayable over 8 years. As is common practice in the leasing sector, companies can access any program without the need for additional collateral – the equipment acquired serving as sufficient security.

Uniastrum Leasing’s latest initiative is open to all small and midsize business operating within Uniastrum Bank’s service area. For more details, visit: http://www.uniastrum.ru/sme/leasing/

“Longer leasing periods mean that companies can make monthly payments on leasing contracts without putting a strain on their budgets and at the same time make leasing loans more accessible to smaller businesses,” notes Uniastrum Leasing CEO Timur Boitemirov.