Balloon Lease

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Balloon Leases -

Balloon leases have been created in order that the customer could pay a lump sum at the beginning, mid stream or at the end of the lease period and thereby reduce his monthly commitment.

This kind of facility is normally obtained by customers who would envisage an unusual source of income in the future i.e. by sale of a fixed asset which could be directed towards the lease to reduce lease rentals.

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