• 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
Are you interested in applying for Asset Finance (Leasing facility)? 

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




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+230 402 1000

Email us:
customer.contact@absa.africa