Asset finance (Leasing facility)

With our asset finance solutions you can get the right vehicles and equipment that you need to help your business grow

What's included
Financing in Mauritian rupees and major foreign currencies

Financing up to 100% of the cost price of the asset (excluding insurance and VAT)

Repayment term up to 7 years

Fixed and variable interest rates

Selected second-hand assets financing (leasing facility)

There is no requirement to secure collateral against the asset
Types of asset finance (Leasing facility)
For assets to be considered acceptable for financing through asset finance (leasing facility), they must be:

Moveable

Freely transferrable in title

Identifiable

Durable

Easy to value and have a predictable value going forward

Therefore, acceptable asset types include:

Passenger, commercial and personal vehicles

Trailers

Forklift trucks

Agricultural equipment

Industrial equipment (with a strong resale value on the market)
How does 'Finance lease' work
We purchase the asset and lease it back to you on credit terms under a finance lease agreement

You rent the asset for an agreed term and make a fixed repayment that includes proportions of capital and interest charges

At the end of the lease, you have the option to buy the asset at book value (residual value)
How does 'Sale and leaseback' work
You (as the current owner) sell the asset to Absa and in turn we lease it back to you

Assets under sale and leaseback will be financed through a finance lease