Commercial Vehicle Financing
Need to upgrade your company fleet, a new delivery van or flat-bed truck ? We’ll give you great terms on the finance plan you prefer.
Some of the benefits
Insured
With our credit facilities, you can access affordable insurance from our trusted insurance partners.
Lease or Buy
Choose to own or return your vehicle on your last payment, or keep your options open
Great rates
Get a personalised interest rates based on your affordability
Flexibility
Choose to repay your loan at a pace that suits your business income.
What is it
- A finance package that’s customised to the type of business vehicle you want
- Repayment terms that suit the cash flow of your business
- Negotiable deposits, subject to equity requirements
- Linked or fixed interest rate
What you get
- Flexible Payment Terms - with up to 36 months and 60 months for approved assets
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your desired movable assets
How to get it
- Existing Transacting Stanbic Bank account
- Covering letter indicating requirements and total cost of assets required (no application forms).
Business profile:
- Ownership / structure (%):
- Details of key management:
- Position held
- Qualifications
- Experience
- Business Overview to include:
- Nature of business
- Period in business
- Markets/debtors and payments terms,
- Suppliers/creditors and payments terms,
- Competitors/competition and industry,
- Details any other bankers and facilities being utilised.
- Details of key risks of the business including competition and how these risks are managed.
- SWOT analysis
- Strategic / future plans
Full year financial statements 2018 and 2019.
Latest management accounts – year-to-date. Please include relevant notes covering
- Debtors, creditors age analysis
- Other bank statements in support of revenue earned.
12 months projected cash flows – this should incorporated proposed lease rentals, see attached repayment schedule
Additional information in support of our application:
- Quote of asset required (brochure of asset required),
- Contracts / agreements
- Security required (bond over fixed property– provide copy title deed)
Comprehensive Insurance – this will be processed through our Banccassurance with NICOZ.
- Insurance cost will be included in the application.
Latest tax clearance certificate and that of your local supplier.
Security
- Financed asset forms main security – asset subject to lease hire agreement. Where asset is not locally available, provide additional tangible security to cover period of importation.
- Director/ shareholder guarantees
What we finance
-
Passenger vehicles
-
Buses, trucks and other commercial vehicles
-
Construction vehicles
-
What is it
-
What you get
-
How to get it
-
What we finance
- A finance package that’s customised to the type of business vehicle you want
- Repayment terms that suit the cash flow of your business
- Negotiable deposits, subject to equity requirements
- Linked or fixed interest rate
- Flexible Payment Terms - with up to 36 months and 60 months for approved assets
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your desired movable assets
- Existing Transacting Stanbic Bank account
- Covering letter indicating requirements and total cost of assets required (no application forms).
Business profile:
- Ownership / structure (%):
- Details of key management:
- Position held
- Qualifications
- Experience
- Business Overview to include:
- Nature of business
- Period in business
- Markets/debtors and payments terms,
- Suppliers/creditors and payments terms,
- Competitors/competition and industry,
- Details any other bankers and facilities being utilised.
- Details of key risks of the business including competition and how these risks are managed.
- SWOT analysis
- Strategic / future plans
Full year financial statements 2018 and 2019.
Latest management accounts – year-to-date. Please include relevant notes covering
- Debtors, creditors age analysis
- Other bank statements in support of revenue earned.
12 months projected cash flows – this should incorporated proposed lease rentals, see attached repayment schedule
Additional information in support of our application:
- Quote of asset required (brochure of asset required),
- Contracts / agreements
- Security required (bond over fixed property– provide copy title deed)
Comprehensive Insurance – this will be processed through our Banccassurance with NICOZ.
- Insurance cost will be included in the application.
Latest tax clearance certificate and that of your local supplier.
Security
- Financed asset forms main security – asset subject to lease hire agreement. Where asset is not locally available, provide additional tangible security to cover period of importation.
- Director/ shareholder guarantees
-
Passenger vehicles
-
Buses, trucks and other commercial vehicles
-
Construction vehicles