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Affordable business asset finance to fund your plant, machinery, equipment and motor vehicles. With Flexi Rent, you get all the benefits of using an asset without having to worry about the costs of buying it and the rental costs are structured to suit your cash flow.

  • How Flexi Rent works for you

    • Get rental finance for movable assets, plant and equipment
    • There’s no need to pay a deposit
    • Enjoy full use of your rented asset
    • Minimal additional security needed. In most cases, the asset becomes the principle security
    • Flexible structuring of rental to suit your cash flow
    • Free up capital for the core profitable business of the company
    • Existing lines of credit remain undisturbed

  • Assets that can be financed

    • Personal motor cars
    • IT and office equipment

  • What you need to know

    • You pay back 80% of the total cost and at the end of the specified period you return the asset to us.*
    • Payment terms are between 1 and 3 years.
    • The financed assets must be tangible, insurable, movable (including plant and machinery bolted to the floor) and identifiable (excludes gym equipment unless we can identify by tagging ID numbers).

    * Terms and conditions may apply; subject to compliance with specific regulations from time to time.

  • What you need to bring to apply

    • Application (registered resolution to obtain facility)
    • Business plan or company profile
    • 3 years’ audited financial statements and most recent management accounts
    • Cash flow projections, projected income statements and balance sheet for the finance period
    • 12 months’ bank statements
    • Pro-forma invoice of equipment or vehicle to be financed addressed to Absa
    • Certified memorandum and articles of association
    • Particulars of directors and secretaries (for non-Absa clients)
    • Annual returns and tax clearance
    • VAT registration certificate
    • Company profile
    • Valid trading license
    • Proof of equity contribution
    • Copy of financial card for the company and signatories/directors
    • Certified certificate of incorporation
    • Tax identity number (TIN) document for the company
    • Proof of income
    • CVs of directors

A convenient way to manage cash flow. Use this flexible and tax efficient finance lease to fund your plant, machinery, equipment and motor vehicles and get your business going.

  • How Flexi Lease works for you

    • Get lease finance for movable assets, plant and equipment.
    • Enjoy full use of the assets you need to run your business.
    • You have the option of ownership at the end of the asset finance period.
    • Enjoy flexible repayment options.
    • Minimal additional security is needed. In most cases, the asset becomes the principle security.
    • Free up capital for the core profitable business of the company.
    • Existing lines of credit remain undisturbed.
    • Eliminate the need to pay VAT up front.

  • Assets that can be financed

    • Motor vehicles including trucks and delivery vans, buses and other passenger vehicles
    • Tractor heads and trailers
    • Agricultural equipment (such as combine harvesters, tractors and accessories)
    • Construction and earthmoving vehicles (such as forklift trucks)
    • Industrial and manufacturing plant equipment
    • IT and office equipment
    • Aircrafts
    • Cranes and hydraulic self-propelled equipment

  • What you need to know

    • A deposit of 20%* of the total asset cost is required.
    • Payment terms are between 1 and 5 years**.
    • The financed assets must be tangible, insurable, movable (including plant and machinery bolted to the floor) and identifiable (excludes gym equipment, unless we can identify by tagging ID numbers).
       

    *The deposit requirement may be less or more depending on business performance.

    ** Terms and conditions may apply; subject to compliance with specific regulations from time to time.

  • What you need to bring to apply

    • Application (registered resolution to obtain facility)
    • Business plan or company profile
    • 3 years’ audited financial statements and most recent management accounts
    • Cash flow projections, projected income statements and balance sheet for the finance period
    • 12 months’ bank statements
    • Pro-forma invoice of equipment or vehicle to be financed addressed to Absa
    • Certified memorandum and articles of association
    • Particulars of directors and secretaries (for non-Absa clients)
    • Annual returns and tax clearance
    • VAT registration certificate
    • Company profile
    • Valid trading license
    • Proof of equity contribution
    • Copy of financial card for the company and signatories/directors
    • Certified certificate of incorporation
    • Tax identity number (TIN) document for the company
    • Proof of income
    • CVs of directors
Are you interested in asset finance? 

Fill out the form below and we will contact you to get started




Need more help?

Call us on:
0800 222 333 (Toll Free)
+256 (0) 312 218 348 (Network charges apply)

Email us:
absa.uganda@absa.africa