Finance Application Form

Under a lease agreement, or a rental agreement that is not a true rental (under the new National Credit Act, it is a rental agreement when ownership passes after all due payments have been made), you lease an asset with a few to either return the asset at the end of the credit agreement, or you can elect to take ownership of it on the conditions set out in the agreement (and once you have paid all the amounts owed).

Alternatively, you may elect to lease the asset for an additional period.  If you elect to buy the asset at the end of the agreement (once you have paid all the amounts due under the credit agreement) you will become the owner and title holder of the asset.  We will contact you to initiate the change of title holder and to re-register the asset in your name.

Best suited to:

• Vehicles, plant or equipment, aircraft and yellow goods
• Businesses using goods which have either a high obsolescence or which are replaced on a regular basis
• Car allowance users

• The client has the option to take ownership of the goods upon final payment, in terms of the agreement
• Both the repayment period and deposit can be structured to suit the client's needs
• Monthly rentals (instalments) are tax deductible

• The repayment period ranges from six to 72 months
• All the goods purchased must be comprehensively insured during the term of the agreement
• The interest rate is linked to the Prime Lending Rate