With Flexi Rent, you’ll get all the benefits of using an asset without having to worry about the costs of buying it. Flexible payments mean the rental costs are structured to suit your cash flow, so you can profit from the asset while moving business forward at all times.
How it works
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
Assets which can be financed
- Personal motor cars
- IT and office equipmentt
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:
