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Flexi Rent

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Flexi Rent allows you to lease an asset on favourable terms, minimising the risks associated with the purchase.       

Apply now

How it works
  • How Flexi Rent works for you

    • You rent the asset for an agreed term and make regular repayments that include proportions of capital, interest charges and VAT residual value not less than 25% of original cost excl. VAT.
    • Income tax treatment
      • You deduct the lease rentals.
    • VAT treatment
      • The lessor charges VAT on each rental amount.
      • You can claim VAT input where the asset allows.
    • Accounting treatment
      • The asset is recorded as an "off-balance sheet" item (subject to independent auditor approval).
      • The outstanding debt is shown as a note on the balance sheet.
      • You deduct rentals as an operating expense.
  • 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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