Equipment leasing

Equipment leasing enables you to acquire the following new and second-hand equipment:

• agricultural equipment
• forestry equipment
• construction equipment
• production equipment
• equipment for handling goods
• medical equipment
• other machines and equipment meant for special purposes

You may choose between financial and operating leasing according to your needs. The type of leasing most suitable for you depends on whether you wish to become the owner of the assets at the end of the lease term, or return them to us.

Standard terms and conditions of equipment leasing

• cost of the equipment starting from EUR 20,000 net of VAT
• self-financing at least 20% of the cost of the equipment, or 0% in case of support granted by the Estonian Agricultural Registers and Information Board (PRIA) or Enterprise Estonia (EAS)
• payment of VAT on the equipment leased in instalments within up to three months
• lease term up to 6 years
• either fixed or floating interest rate (3 or 6 months’ EURIBOR + margin)
• equipment leased must be covered with insurance throughout the lease term
• the repayment schedule may be such that the last instalment in the payment schedule is larger (the so-called balloon payment) than other regular payments

The final terms and conditions of leasing will be determined considering the specific customer and equipment to be leased. In order to receive a leasing offer, please contact us at liising@opbank.ee or ask the seller of an asset to forward us your contacts.

Documents necessary for leasing application

• an audited annual report for the previous financial year
• a balance sheet and income statement as of the end of the last quarter
• the sale offer of the equipment to be acquired