Frequently Asked Questions (FAQ) – General Leasing

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What are the basic requirements to apply for an HNB Finance (HNBF) leasing facility?

A minimum initial payment (down payment) as per the leasing scheme

A copy of National Identity Card / valid Passport / Driving License

Proof of income (salary slips/business registration/bank statements)

Proof of residence (utility bill or GS certificate)

What types of leasing facilities are available?

 

There are several types of leasing options available:

 

Vehicle Leasing – For cars, three-wheelers, motorcycles, and electric vehicles( Brand New/Reconditioned and Registered)

Vehicle Loan – For cars  and electric vehicles ( Brand New/Reconditioned and Registered)

Vehicle Draft- For cars  and electric vehicles ( Brand New/Reconditioned and Registered)

How long does it take to get leasing approval?

 

Leasing approval can typically be processed within 24–72 hours, subject to the submission of complete and accurate documentation.

 

What are the special benefits of HNBF leasing?

 

• Competitive interest rates
• Flexible repayment periods
• Quick approval process
• Insurance and registration assistance
• Special promotional offers and discounts

 

Can I settle my lease early?

 

Yes. Early settlement is allowed:

 

• A settlement value will be calculated based on the outstanding balance
• Concessions or charges may apply depending on the agreement terms

 

What happens if I miss a monthly installment?

 

• A late payment fee may be charged
• Continuous delays may affect your credit profile
• The company reserves the right to take necessary recovery actions

 

Can I transfer my leasing facility to another person?

 

Yes, subject to company approval:

 

• The new applicant must meet eligibility criteria
• Required documents and transfer fees may apply

 

Can the leased vehicle be used for business purposes?

 

Yes, depending on the leasing agreement:

 

• Commercial use must be declared at the time of application
• Special terms may apply for business usage

 

What happens at the end of the lease period?

 

• Full ownership of the asset will be transferred to the customer
• All dues must be settled before ownership transfer

 

Is insurance required for leasing?

 

Yes:

 

• Comprehensive insurance coverage is mandatory
• The leasing company may assist in arranging insurance

 

Whom should I contact for further information?

Customer Service Hotline: 011 200 4848

Visit your nearest branch or contact your leasing officer