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Our asset finance can help your business grow

Our asset finance solutions can help you grow your business by financing your specific needs for vehicles and equipment.

Finance lease

Absa purchases the asset and leases it 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 against a book value (residual value).

Sale and leaseback

You (as the current owner) sell the asset to Absa and in turn the bank leases it back to you.
Assets under sale and leaseback will be financed through a finance lease.

How it works

What you get
It is available in Mauritian rupees and major foreign currencies.

We finance up to 100% of the cost price of the asset (excluding insurance and VAT).

The maximum term is 7 years.

Fixed and variable interest rates are offered.
What you need to know
Selected second-hand assets financing is permissible.

There is no requirement to inscribe charge or register a lien on the asset.

Type of assets financed

For assets to be considered acceptable for financing through asset finance, they must be:

Moveable

Freely transferrable in title

Identifiable

Durable

Easy to value and have a predictable value going forward

Acceptable asset types

Passenger, commercial and personal vehicles

Trailers

Forklift trucks

Agricultural equipment

Industrial equipment (with a strong resale value on the market)

Need more help?

Call:

Tel: +230 402 1000
(24/7 Contact Centre)

Email:

customer.contact@absa.africa