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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.

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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?

Call:

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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