Since 1995, the Finance division of Marfin Laiki Bank has been offering hardware and peripherals leasing solutions to its customers. Leasing, as an upgrade finance option, allows the customer to have use and possession of the item, and in return pay the monthly rentals agreed.

How Leasing works:

• The customer chooses the equipment and agrees with the seller the price.
• The seller faxes an application, gets an approval and delivers the asset.
• Marfin Laiki Bank pays the seller.
• The customer starts paying monthly rentals one month later.

Leasing benefits for the customer include:

• Professional, time efficient service
• All the bargaining power of a cash buyer
• Improved liquidity
• Rental payments that suit the customer's repayment capabilities
• Immediate use of the asset with only a small initial outlay
• Other sources of credit remain available
• 95% of the item's net selling income if the customer chooses to sell it
• Usually only personal guarantees are required