3 mo.
 2.90
 2.90  6 mo.
 3.15
 3.15  12 mo.
 3.40
 3.65  24 mo.
 4.55
 4.80  36 mo.
 5.10
 5.30  48 mo.
 5.25
 5.50  60 mo.
 6.00
 6.25 Click here for more rates

Home >> Product and Services >> Finance Lease

Finance Lease

 

What is a Finance Lease?
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. Click here to view our Leasing brochure

Main features of a Finance Lease

  • 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.
  
Why should you go for a Finance Lease?

  • 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    

Documents to be Submitted along with an application form
Certified copies or originals must be provided in all cases:

 Individual Applicant Corporate Applicant
  1. National Identity Card
  2. A recent utility bill (Not Less than 3 months old)
  3. Payslips for the last 3 months
  4. Quotation from supplier
  5. A recent bank statement or a bank reference (Not Less than 6 months old)
  1. Certificate of Incorporation of the Company
  2. National Identity Card of Company Directors
  3. A recent utility bill of the Company (Not Less than 3 months old)
  4. Quotation from supplier
  5. Financial Statements of the company for the last 2 years

Your next move
To find out more about Finance Lease and the best lease options according to your needs, please call us on 203 8420 or email us at sfsl@sicom.intnet.mu leaving your name, address and phone number.

Alternatively, visit us at SICOM Financial Services Ltd and arrange for an appointment with one of our officers.   
   
Application Forms
Application forms for Finance Lease can be downloaded from here.

Calculator
Click here for the standard calculator for leasing.