Leasing Process
How does it work?
Steps:
The company or self-employed professional (lessee):
- Initially selects the supplier, defines the technical characteristics of the equipment or property that will meet his professional needs and finally, negotiates the purchase price and payment terms.
- He addresses the competent Alpha Bank Officer, with whom he cooperates and submits an application together with all supporting documents specified in the said application.
- The Bank, in collaboration with Alpha Leasing, evaluate the application and decide on the cooperation terms.
- In the case of used equipment or the purchase of property, its valuation is mandatory by Alpha Astika Akinita S.A., an Alpha Bank Group Company.
- If approved, Alpha Leasing finances the purchase of the fixed asset by the supplier, on behalf of the business.
- A Leasing Contract is signed.
- In the case of property, a sale/purchase contract is signed between the vendor and Alpha Leasing and then a Leasing Contract is signed with the Customer, for a duration (lease period) of at least ten (10) years.
- Upon expiry of the lease term, Alpha Leasing transfers the fixed asset to the Customer.
