Finance Lease
You can now purchase that equipment that will power your business to the next level, with our Finance lease facility. The Finance lease facility is granted to our customers to finance the acquisition of capital goods for use by businesses. During this irrevocable contract the lessor (bank) makes the asset financed available to the lessee (customer) in return for a series of fixed rental payments.
Features
- Financing of up to 70% of the cost of asset
- Finance over a period of up to 5 years
- Normally no other security is required except for large amounts and financing of specialized assets.
Basic Application Requirements
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles of Association, Certificate of registration or a copy of identity card for individuals)
- Financial statements for 3 consecutive years (Balance sheet & Income statement) if it has been in operation. For the start ups we require opening balance sheet and income statement forecast.
- Cash flow projections for the period of the facility.
- Tax clearance certificate from the RRA no more than three months old
- Pro forma invoice of the equipment or provisional sale agreement.
For detailed information, visit our nearest Branch or contact:
Fidele MUHUMUZA
Tel: + 250788 30 32 86
Jeanne GASENGAYIRE
Tel: + 250788 30 28 86
