EUROleasing

• EUROleasing is a favoured financial leasing, supported by the European union fonds, through which it is possible to finance projects quickly, easily and profitably. ČSOB Leasing provides European financial resources to applicants who meet the EIB criteria through favoured leasing financing.
• The aim of this project is to help with the implementation of long-term investment projects in both the industrial field and in the services and financing of such projects which contribute to energy savings, environmental protection and the development of tourism.
• The offer EUROleasing will be valid until 31st August 2009 (the date of the handover of the subject working order to the user is conclusive)
• It is possible to finance commodities which are neither excluded nor restricted - see Commodities for financing via EUROleasing.
• The EUROleasing product, with support from the European union fonds, is intended for small and medium enterprises (SME).

Definition of a small or medium enterprise:

• Employs less than 250 employees (full-time),
• Has either an annual turnover under EUR 40 million or a total balance sum (annual) under EUR 27 million
• meets independence criterion ( definition )

Conditions:

• The minimum value of financing from the EIB resources shall be an equivalent of EUR 20 000,-
• The Minimum value of the customer’s investment project shall be an equivalent of EUR 40 000,-
• The maximum value of financing from the EIB resources shall be an equivalent of EUR 250 000,-
• The CNB exchange rate on the last day of the month preceding the handover date of the subject of financing shall be used for the calculation of EUR equivalents.
• The leasing contract duration shall be 48 months (depending on the financed item and it´s depretiation category) acc. to ČSOB Leasing´s product terms (the maximum shall be 72 months); advance payment 10 - 50%
  
  Calculation exapmple of August 2008, contract duration 60 months:

  	Financial leasing standard	EUROleasing
  Purchase price vithout VAT	3 500 000 CZK	3 500 000 CZK
  Advance payment	30 %	30 %
  Monthly installment without VAT	48 788 CZK	47 775 CZK
  Sum of installments	2 927 283 CZK	2 866 498 CZK
  Your total saving		60 785 CZK

   

  1. The customer applies for leasing financing via standard Financing application form
  2. Together with an employee of ČSOB Leasing, the customer fills in an application form for the provision of resources from EU funds, the so-called Allocation Request .
  3. The project is sent to the EIB for pre-approval prior to the conclusion of the contract and prior to approval by ČSOB Leasing.
  4. The customer submits both applications, including company documents and economy, to the nearest branch of ČSOB Leasing.
  5. After pre-approval of the application by ČSOB Leasing, the customer signs a leasing contract with a clause on financing via the EIB.
  6. The customer pays an advance payment and receives the leased product from the supplier.
  
  More detailed information about EUROleasing is available here .
  
  Contact your nearest ČSOB Leasing branch. Our employees will gladly help you to assess suitability of this product for your investment project, and they will give you all the information you require about further proceedings as well as help you prepare documents for the EIB.
  Procedure:
• Rules of ČSOB Leasing marketing competition
• Commodities for financing via EUROleasing
• Allocation Request in xls format (162kB)
• Questions and answers about EUROleasing