Frequently Asked Questions

1Who can apply for a lease?

Any corporate registered business and individuals with verifiable operations and financials.

2What documents are required to apply?

Application letter, company registration documents, financials, bank statements, tax returns, asset details, and the pro-forma

3What affects the approval decision?

Your credit profile, business performance, asset type, proposed lease structure, and the profile documentation

4Do I need to provide collateral?

The leased asset is the collateral, but additional comfort will be required.

5What types of assets can be leased?

We lease vehicular assets, general machineries and equipment, and specialized moveable assets to tend to the business needs of the potential lessee.

6Can I lease multiple assets together?

Yes, multiple assets can be bundled into one agreement.

7How are lease payments structured?

Payments can be monthly, quarterly, or semi-annually

8Are payment schedules flexible?

Yes, payment can be structured to fit your cash flow and cash flow changes.

9Is there a moratorium period?

Yes but it depends on the asset type

10What lease tenures are available?

Terms usually range from 12 to 48 months.

11Is insurance required?

Yes, full insurance is mandatory throughout the lease.

12Who maintains the leased asset?

The lessee is responsible for maintenance unless stated otherwise

13Can I end the lease early?

Yes, with early termination charges as specified in the contract.

14What if the asset is lost?

Insurance will cover it; any uncovered amount remains the lessee’s responsibility