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Get the assets you need now with Flexi Lease

Use this flexible and tax efficient finance lease to fund your plant, machinery, equipment and motor vehicles and get your business going.

Apply now

What you can expect

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

Apply now Find a branch

Need more help?

Call:

Toll Free: 0800 222 333
Tel: +256 (0) 312 218 348

Email:

absa.uganda@absa.africa

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Sitemap | Absa Bank Uganda Limited, company registration number 4227. Registered Office: Plot 16 Kampala Road, P.O. Box 2971, Kampala, Uganda. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Customer deposits are protected by the Deposit Protection Fund of Uganda.

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