Finance Lease

A fixed term, fixed rate lease to fund the purchase of plant, equipment or vehicles that will be used to generate revenue for your business. The leased asset remains the property of BSP until the residual value is paid out, at which time title is passed to your business.

You will have full use of and access to the asset.

 

Features:

  • Minimum amount - K20,000
  • 1 to 5 year term with the flexibility to match to the asset's useful life
  • Fixed monthly repayments of principal and interest, paid in advance
  • Ability to incorporate insurance and service agreement into lease payments

 

Benefits:

  • Your business is able to purchase revenue generating assets without a significant cash outlay; this allows you to grow their business faster
  • Fixed monthly payments throughout the life of the lease allows for certainty of cash flow
  • Lease payments for business purposes may be tax deductible*

   

For further information please speak with your Relationship Manager or call BSP Corporate Banking toll free on 180 1100 or +675 305 7900.

 

 

*BSP recommends you seek independent financial advice regarding your own circumstances