Lease Financing
Designed to support our clients in the procurement of tangible assets needed for their operational use.
About Lease Financing
The product is designed to support our clients in the procurement of tangible assets needed for their operational use.
Asset Procurement
Finance tangible assets needed for your operational use and business growth
100% Secure
Fully secured financing with collateral protection for both parties
Direct Purchase
Bank staff handles vendor payments directly for secure transactions
Business Expansion
Acquire necessary equipment and assets to scale your operations
Who Can Apply?
Our Lease Financing is available to the following beneficiaries:
Important: Cheque will be raised in favour of the vendor and purchase will be done directly by a staff of the bank.
General Application Requirements
To ensure a smooth application process, please prepare the following documents:
Opening of a current account with initial deposit/minimum balance
Account to be operated for a minimum of 6 months before a facility can be considered
Hand written application letter from the client with the original copy of Pro forma Invoice
Verification and confirmation of Pro forma Invoice from the issuing company
Provision of 6 months statement of account
100% Security/Collateral (preferably Jewellery, Vehicle, landed property)
Execution of two (2) guarantors form to be duly witnessed
Letter of Introduction from both Guarantors
Postdated cheques (Obligor & Guarantors)
Execution of four (4) Absolute Bill of Sales to be duly witnessed
Execution of four (4) Pledge & Trust to be duly witnessed
Execution of a Loan Agreement
Execution of Bill of Sale Registry form
Execution of Lease Agreement
Execution of a Deed of Sale (if required)
Execution of a Limited liability Form (if required)
Provision of Post dated cheques (Obligor and Guarantor)
Offer Letter to be signed upon Approval of facility and duly witnessed by a third party
Loan Instruction Memo (LIM)
Additional Requirements for Corporate Bodies
Provision of both Memorandum & Article of Association
Company profile
Board Resolution approving the loan
Board member Guarantee for the loan other than the officer of the company applying for the facility
Corporate Guarantors with good network
Ready to Acquire Your Assets?
Get the equipment and assets you need to grow your business.