SAMA Finance SAE
 
Frequently Asked Questions About Leasing
What is a Financial Lease?
A Lease wherein the user can acquire the use of the asset for most of its useful life and pay rentals to the lessor is called a financial lease. The user will be responsible for maintenance of the equipment and of insurance.
What is SAMA Finance competitive edge over other leasing companies?
SAMA Finance offers wide range of financial services with competitive pricing and flexible terms. SAMA Finance's marketing team is customer friendly and the lease process moves at fast speed. SAMA Finance offer Corporate Leasing & Discounting.
What are the criteria for inducting customers in SAMA Finance portfolio?
SAMA Finance niche market is small and medium enterprises (SME). These regulations and guide lines are user friendly and compatible with local practices and laws. SAMA Finance normally deals only with organizations which have a successful track record of three years of operations.
What is the rental?
Rent is an amount which is paid by the lessee for the leasing of equipment/asset through out the entire lease term. The rent is monthly and can be paid at the beginning or end of month. Rent paid is allowed to be charged as a tax deductible expense in the profit and loss statement of the lessee (where ever applicable).
What is the Security Deposit?
The security deposit refers to equity contributed by lessee in lease transactions. The security deposit is adjusted towards Residual Value at the end of lease term.
What is Residual Value?
Residual Value is an approximate fair future market value of the equipment determined at the start of the lease term.
What are the terms and conditions offered by SAMA Finance?
SAMA Finance offer highly competitive terms with a very rapid response and superior quality service to its customers. The lease period ranges from 3, 4 and 5 years. The payment mode is monthly. Further details can be obtained from our staff on telephone or through personal visit to your nearest branch.
Can second-hand assets also be leased?
SAMA Finance leases brand new equipments as well as those which are re-conditioned and imported for use in Egypt for the first time. SAMA Finance would require independent survey for price verification.
Can a lessee cancel or terminate the lease agreement early ?
SAMA Finance leases brand new equipments as well as those which are re-conditioned and imported for use in Egypt for the first time. SAMA Finance would require independent survey for price verification.