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Finance Lease

Finance Lease

Product Details Description
Product Name Finance lease
Description 

A Finance Lease is a contract made between you and SICOM Financial Services Ltd, allowing you to use a specific asset, in consideration of rental payments over a period of time, while SICOM Financial Services Ltd retains legal ownership of the asset.

Features 
  • You can spread your rental payments over a predetermined period - the minimum period is 12 months
  • Lease rentals cover the cost of the assets and financing costs, i.e. repayments split into capital and interest
  • We offer maintenance and insurance packages as per your requirement
  • You have the option to acquire the leased asset at maturity, upon payment of the residual value (normally equivalent to 1% of the value of the contract)

Finance leases are exclusive of VAT; VAT is payable up-front upon acquisition of your asset, that is at the inception of your lease agreement.

Benefits 
  • SICOM Financial Services Ltd will finance either partially or wholly the purchase of the asset chosen
  • We offer personalised lease options that are tailored to suit your income streams and ease out any cash flow
  • Title to the equipment is transferable to you at the end of the lease period  
Eligibility  Individuals & Corporate
Required documents 

Individual

  • National Identity Card
  • A recent utility bill (Not Less than 3 months old)
  • Payslips for the last 3 months
  • Quotation from supplier
  • A recent bank statement or a bank reference (Not Less than 6 months old)

Corporate

  • Certificate of Incorporation of the Company
  • National Identity Card of Company Directors
  • A recent utility bill of the Company (Not Less than 3 months old)
  • Quotation from supplier
  • Financial Statements of the company for the last 2 years                                            
Download Application Forms
For more details  Call us on 203 8420 or email us at sfsl@sicom.intnet.mu  and we shall guide you through the application process

Click on the link to access the Finance Lease Calculator

*Terms & Conditions Apply

Contact

REGISTERED OFFICE

Sir Célicourt Antelme Street, Port Louis, Mauritius Phone : (230) 203 8420 Fax : (230) 208 0874 Contact us

BUSINESS REGISTRATION NUMBERS

SICOM Financial Services Ltd : C07023531
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