How Flexi Rent works for you
- Get rental finance for movable assets, plant and equipment
- There’s no need to pay a deposit
- Enjoy full use of your rented asset
- Flexible repayment options
- Minimal additional security needed. In most cases, the asset becomes the principle security
- Flexible structuring of rentals, interest rates and terms to suit your cash flow
- Choose from monthly, quarterly or annual rentals and more
- Free up capital for the core profitable business of the company
- Existing lines of credit remain undisturbed
- Eliminate the need to pay VAT up front
- Rentals are tax deductible as an operating expense
What you need to know
- You pay back 80% of the total cost and at the end of the specified period you return the asset to us*
- Payment terms between 1-3 years
- The financed assets must be tangible, insurable, movable (including plant and machinery bolted to the floor) and identifiable (excludes gym equipment unless we can identify by tagging ID numbers).
* Terms and conditions may apply; subject to compliance with specific regulations from time to time.
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
- Proforma invoice of equipment or vehicle to be financed addressed to Barclays Bank
- Certified memorandum and articles of association
- Particulars of directors and secretaries (for non-Barclays 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
- TIN document for the company
- Proof of income
- CVs of directors
Need more help?
Call:
Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783
Email:
