Private offer for family and friends
Registrations open until
Own an LG commercial laundry machine. WashTym runs it. You receive ₹7,500 every month for 36 months.
Everything about this offer is on this page: what you pay, what you receive, on which date, and what happens if things go wrong. If something is not written here, it is not part of the offer.
₹2,05,000
You pay once, per machine. Includes 18% GST. The machine is invoiced in your name.
₹7,500 × 36
You receive every month, on the 7th, for 36 months from the month of installation. Total ₹2,70,000.
₹40,000
You receive once more in month 36, when the machine's ownership transfers to WashTym.
₹3,10,000
comes back to you per machine over 3 years
₹1,05,000
more than you paid
How it works, from today to month 36
Register your interest. Pay nothing.
Tell us your name, mobile number and how many machines you'd like. This is not a commitment.
We call you when a site is ready, with 30 days' notice.
We only take your money when we have a confirmed location for your machine. You can say no at that point, with no obligation.
You pay ₹2,05,000 per machine to WashTym LLP.
By bank transfer. You receive a tax invoice in your name carrying the LG serial number of your machine.
You and WashTym LLP sign the lease agreement on a legal document.
A stamped lease deed, signed by both sides, stating every term on this page: the rent, the dates, the 36-month tenure, the ₹40,000 transfer, insurance, nominee, and what happens if either side defaults. You get your signed copy.
We install your machine within 45 days.
Rent starts from the month of installation, as a full month whatever the date. If installation slips beyond 45 days, rent starts on day 46 anyway.
₹7,500 reaches your bank on the 7th, every month, 36 times.
Fixed. It does not depend on how much the machine is used, where it is, or whether it is under repair.
In month 36 we pay ₹40,000 and the machine becomes WashTym's.
Paid within 15 days of the last rent. The transfer of ownership is a fixed part of the agreement, not an option.
Your 36-month passbook, per machine
The same table applies to every machine you own. Month 1 is the month your machine is installed.
One machine · ₹2,05,000 paid
Money back in full by month 28| Month | You receive | Received so far | Still to recover |
|---|
"Still to recover" is your ₹2,05,000 less everything you have received so far. From month 28 onwards every rupee you receive is your gain.
What WashTym promises you
- ✓Fixed rent, no conditions₹7,500 per machine per month, regardless of usage, location, downtime or whether the site closes. We choose the site and carry all of that risk.
- ✓The machine is legally yoursWashTym LLP buys it from LG and sells it to you on a tax invoice in your name, with the machine's LG serial number. You lease it back to us.
- ✓Every cost is oursMaintenance, repairs, spares, detergent, electricity, water, damage, theft, transport: nothing is ever charged to you.
- ✓Insured, with you as the beneficiaryWashTym insures your machine. If it is lost or destroyed, your rent continues and we replace it.
- ✓₹7,500 is what reaches youWe do not add GST to the rent. Tax is deducted at source only if your rent from us exceeds ₹6,00,000 in a year, which means more than 6 machines; in that case we deduct 2% on the entire rent as the law requires and give you Form 16A.
- ✓If we end the lease early, you lose nothingWe pay every remaining month's rent and the ₹40,000 together, in one settlement. You receive the full ₹3,10,000 either way.
- ✓If we are late, it costs usOverdue rent carries 2% per month. If any rent is 60 days overdue, within the next 90 days we must either pay all arrears plus the exit value of your machine, or find a buyer for it at no less than that value.
- ✓Your family is protectedYou name a nominee in the agreement. If anything happens to you, the rent and the ₹40,000 go to your nominee without interruption.
What you should know before saying yes
- iThis is a 3-year commitmentYour money comes back to you month by month, not in a lump sum. Your ₹2,05,000 is fully recovered only in month 28.
- iYou own the machine, WashTym operates itAll operating rights over the machine rest with WashTym for the full 36 months: where it is placed, who uses it, what it charges, when it is moved or serviced. You cannot use, move, or sell the machine during the lease. You will always be told where it is installed.
- iOwnership transfers at the end, no exceptionsIn month 36 WashTym pays ₹40,000 and the machine becomes WashTym's property. You cannot keep it.
- iIf you want out earlyExit is possible only within the first 24 months and with WashTym's consent. We first try to transfer your machine to another partner, who pays you the exit value. If no one comes forward in 90 days, WashTym pays you within a further 30 days. The exit value is your ₹2,05,000 plus 8% a year for the months you held the machine, minus all rent you have already received. The ₹40,000 is forfeited. Example: leaving after month 12, you have received ₹90,000 and the exit value is ₹1,31,400, so you end with ₹2,21,400 in total. After month 24 there is no exit; you simply continue to month 36.
- iGST is part of the price₹2,05,000 includes about ₹31,271 of GST. Only a GST-registered buyer can claim this back. For everyone else it is part of the cost, and the numbers on this page already account for that.
- iWhole machines only, no upper limitYou can take one machine or many. Each has its own serial number, invoice and passbook. Partial amounts are not possible.
- iTax on the rent is yours to handleThe rent is income in your hands. Your chartered accountant can advise on how to treat the machine and the rent in your return. Nothing on this page is tax advice.
- iThis page is privateIt is not listed anywhere and reaches people only through someone who knows them. Please pass it on only to people you would personally vouch for.
The same money in a fixed deposit
Choose how many machines. We take the exact same amount, put it in a bank FD at the rate you enter, for the same 3 years, and show both side by side. Both figures are before tax.
Amount:
Change this to any bank's rate. Interest compounded quarterly, as banks do.
Questions you may have
Is this a loan to WashTym?
No. You buy a machine and it is yours, with an invoice and serial number to prove it. WashTym leases it from you and pays you rent. At the end WashTym buys it back from you for ₹40,000. This is called a sale and lease-back.
Why doesn't WashTym simply take a bank loan?
Banks ask for property as collateral and take months. Our alternative is to give away a share of the company to investors. We would rather grow with the people around us, pay them well for it, and keep the company whole. That is why the rent is higher than a bank would pay you.
What if the machine is hardly used, or breaks down?
Your rent does not change. Usage, breakdowns, repairs and site closures are WashTym's problem, not yours. That is the whole point of a fixed lease.
When will you ask me for the money?
Only when we have a confirmed site for your machine. We call you with at least 30 days' notice. Registering on this page costs nothing and commits you to nothing; you can still say no when we call.
Where will my machine be?
In one of WashTym's sites: a workplace, a hostel, an apartment community or a WashTym centre. We tell you the exact location at installation and whenever it moves.
Can I take more than one machine?
Yes, there is no upper limit. Each machine gets its own invoice, serial number and monthly rent. Note that once your yearly rent from us crosses ₹6,00,000 (that is, more than 6 machines), tax is deducted at source at 2% on the entire rent paid to you, not only on the part above the limit. You receive Form 16A to claim it in your return.
What exactly will I sign?
Two documents: a tax invoice for the sale of the machine to you, and a lease agreement that states every term on this page. Both are prepared by WashTym's legal team, and you are welcome to have your own advisor read them before signing.
What if I need my money back before 3 years?
Within the first 24 months, and with WashTym's consent, you can exit. We first try to transfer your machine to another partner, who pays you the exit value: your ₹2,05,000 plus 8% a year for the months you held the machine, less the rent you have already received. If no one comes forward within 90 days, WashTym pays it within a further 30 days. The ₹40,000 is forfeited. You leave with a modest return rather than the full one, so please treat this as a 3-year commitment.
What happens if WashTym cannot pay?
Late rent carries 2% per month. If any rent is 60 days overdue, within 90 days we must either pay everything owed plus the exit value of your machine, or find a buyer for your machine at no less than that value. The machine is yours throughout, so you always hold a real asset, not just a promise.
Who is behind this?
WashTym LLP, based in Coimbatore, operating self-serve laundry machines across workplaces and colleges. The offer on this page is made by WashTym LLP and the agreement will be with WashTym LLP.
Interested? Tell us, and we will call you when a machine is ready.
No payment now. No commitment. Just your name, number and how many machines you have in mind.