Salhi Lease

Salhi Lease is our solution for the customer with extended leasing requirements.

Are you planning to move out to a new apartment or bring some improvements to a residence, yet also worried how to finance some consumer durables too, as your requirement? We understand that construction materials alone may be insufficient, hence through Salhi Lease we allow customers greater flexibility to source construction materials and consumer durables, to be combined.

MFLC Salhi Lease, the flexible lease for a complete home!

Key Features

Funding

Finance home improvements and durables up to MVR 200,000/-, where eligible

Repayment Schedule

Enjoy repayments to 24 months (2 years), based on qualifying income

Insurance

No mortgage security requirements or title deed transfers
Requirements
  • Individuals shall be serving the Approved Employer or declared affiliate for 2 years to qualify
  • Individuals shall be under age of 60 and serving at supervisory level or higher
  • Employment verification letter and Salary Slips shall be stamped outlining the registration number and endorsed by Human Resource (or relevant function) of Approved Employer
  • Applications to include a Guarantor, for which consent and approval shall be obtained to provide their i) ID Card, and ii) Employment Letter & iii) Last 6 Salary Slips, stamped.
  • Quotations to be sourced from MFLC registered suppliers
Eligibility
  • Individuals, should have completed 5 years of service with registered employer
  • Qualifying income determined by breakdown of last 6 months’ salary slip
  • Contract to link between customer to owner of apartment/unit being improved

How it works?

Salhi Lease, flexible leasing for customers wanting a turn-key solution for their new home.

A new home is so much more than a new set of keys. If your plan is moving to a new home or apartment and need to fund above MVR 60,000/- in construction materials and consumer durables, our MFLC Salhi Lease answers your needs.

MFLC Hiyaa Faseyha – for your complete dream home!

How to apply?

  1. Apply through submitting a completed Application Form (Except signatures and date)
  2. Submit National ID Card, along with stamped Employment Letter and Salary Slips
  3. Present quotations of home improvement materials from registered suppliers
  4. Sign the Lease Agreement – understand the terms and conditions offered by MFLC
  5. Receive your goods based on issued Purchase Order from MFLC