Leasing for business

Financial lease

The lessee pays the bank the full purchase price of the property, including interest and VAT, during the leasing period, and becomes the owner of the property at the end of the leasing period.

Inverse leasing

The lessee sells his property to the Bank and on the basis of leasing contract buys it by installments, i.e. Leasing property seller and lessee is the same person.

Leasing with residual value

The lessee pays part of the price of the property as specified in the leasing contract during the leasing period, and the remaining part of the property price is left to be paid with the final instalment, which is paid by the lessee. The remaining part of the lease is paid out over an agreed period of time, or the property is repurchased by a third party buyer.

• Leasing does not require the use of working capital;
• Putting an item into use after paying only part of its value;
• No pledge of additional assets required;
• The down payment and the term of the contract are contractual.

• The down payment ranges from 10% of the value of the property to be acquired;
• The minimum amount to be financed is EUR 15,000;
• The object must be insured only with an insurance company acceptable to Urbo Bankas;
• Cars, light commercial vehicles (minibuses), agricultural machinery, trucks, buses, trailers and semi-trailers, and unregistered self-propelled machinery must be no more than 15 years old upon the expiration of the leasing agreement; special-purpose vehicles and machinery – no more than 10 years old; equipment – no more than 5 years old.

When leasing equipment or vehicles, it is possible to take advantage of guarantees from UAB ILTE.

If you are not satisfied with the terms of your existing loan at another financial institution, take advantage of the refinancing option at our bank:

• Get more favourable terms and save your company money;
• Reschedule the repayment of your loan to fit your company’s current cash flow;
• Extend the repayment term or postpone the payments;
• When borrowing, maximise the value of the collateral by obtaining a larger loan amount;
• Remove any restrictions or additional requirements imposed by your current creditor;
• Consolidate several different loans into one, making it easier for you to manage your existing loan agreements.