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Professional people

Flexi Buy

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Flexi Buy allows you to purchase assets over a term without having to pay an option-to-buy fee.  

Apply now

What you can expect
  • How Flexi Buy works for you

    You repay the capital plus interest charges over the agreed finance term. The ownership of the asset automatically passes to you upon final payment (unlike hire purchase, there is no option fee to acquire ownership).

    • Income tax treatment
      • You deduct the interest cost, as well as any capital allowances (wear and tear), as if you own the asset outright.
    • VAT treatment
      • The seller charges the full VAT on the cost price, including interest.
      • You are able to claim the full VAT input.
    • Accounting treatment
      • The asset is recorded as an "on-balance sheet" item.
      • The outstanding debt is shown as a liability.
      • You deduct depreciation and the interest cost.
  • Assets that can be financed

    • Personal motor cars
    • IT and office equipment
  • What to bring when you apply

    • Application (registered resolution to obtain facility)
    • Business plan or company profile
    • 3 years’ audited financial statements and most recent management accounts
    • Cash flow projections, projected income statements and balance sheet for the finance period
    • 12 months’ bank statements
    • Pro-forma invoice of equipment or vehicle to be financed addressed to Absa
    • Certified memorandum and articles of association
    • Particulars of directors and secretaries (for non-Absa clients)
    • Annual returns and tax clearance
    • VAT registration certificate
    • Company profile
    • Valid trading license
    • Proof of equity contribution
    • Copy of financial card for the company and signatories/directors
    • Certified certificate of incorporation
    • Tax identity number (TIN) document for the company
    • Proof of income
    • CVs of directors

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Need more help?

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Toll free: 5950
Tel: +260 (211) 366100
Tel: +260 (211) 366225

Email:

customerservice.zm@absa.africa  

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Sitemap | Absa Bank Zambia PLC. Registered in Zambia (registered number 119710006444). Registered office: Stand numbers 4643 and 4644 Elunda Office Park, Addis Ababa Round About, Lusaka, Zambia. Absa Bank Zambia PLC is regulated by Bank of Zambia under licence No. BL002/1918B.

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