Discover the Advantages of Leasing with Leasegrid
Feature | Leasing | Loan |
---|---|---|
Definition | Lease is a contract where the lessor allows the lessee to use an asset for a specific period in return for a periodic payment. | Loan is borrowing funds from financial institutions by an individual or organization. |
Types | Finance Lease & Operating Lease. | Home, Education, SME, and other types of loans. |
Interest Components | Rates are usually fixed unless stated otherwise. | Interests can be fixed or floating. |
Collateral | Collateral is only the asset being leased. | Collateral is pledged by the borrower as loan security. |
Loan Seekers | Ideal for businesses needing equipment without purchasing upfront. | Requires longer documentation and approval time. |
Join thousands of businesses that have already discovered the power of strategic leasing. Start your journey with Leasegrid today and experience the difference.