The payment can be made in six-month installments
, with EGP 3,405 paid per month, a nine-month installment
with EGP 2,405 paid per month, a 12-month installment
with EGP 1,905 paid per month, an 18-month installment
with EGP 1,405 paid per month, or a 24-month installment
with EGP 1,155 paid per month, all with no down payments.
Note, however, that the Maceda Law only protects the transactions and contracts involving the sale or financing of real estate on installment
payments, including residential condominium apartments, and not industrial lots, commercial buildings, and sales to tenants under R.
The company said it works with a network of lenders with experience in providing installment
loans and other financing solutions for personal use.
The educated youth who had embarked upon their business following payment of first installment
of this loan had contacted National Bank for securing payment of second installment
ySTANBUL (CyHAN)- After the Banking Regulation and Supervision Agency (BDDK) limited the number of installments
on furniture purchases as of Feb.
David Hunt, CEO of Gulf Installments
, said: "We have already achieved more than 20 percent of our targets within the first quarter of the year serving the growth of the Saudi business community through a wide range of installment
and leasing solutions.
and lease financing solutions offer an alternate source of funding to existing bank facilities, provide increased affordability and purchasing power, and allow our customers to enjoy long term stability for asset purchases.
A taxpayer does not need to elect installment
For IRS purposes, whether or not seller elects the Installment
Sale method, the parties must agree on the allocation of purchase price among the various types of assets, using fair market value (FMV] as the guide.
The final regulations reflect current IRS practice regarding installment
agreements and adopt proposed regulations (with some clarifications) that the IRS issued in 2007 (REG-100841-97).
See the article "Deferred Gain on the Installment
Sale of Intangible Asset, AB 115's Unraveling Begins" (Spidell's CA Tax Letter, October 2003).
The note, fully secured by a mortgage on the properties, provided for monthly installments
over 11 years.