Flexi Rent allows you to lease an asset on favourable terms, minimising the risks associated with the purchase
  • Risk and rewards incidental to ownership remain with the lessee
  • 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
  • You deduct the lease rentals through income tax treatment
  • VAT treatment means  the lessor charges VAT on each rental amount and you can claim VAT input where the asset allows
  • Accounting treatment means 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 and you deduct rentals as an operating expense
What assets can be financed with Flexi Rent?
  • Personal motor cars
  • IT and office equipment

  • Documents required

    • 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
Need more help?

Call us on:
+260 (211) 366100 (available Monday to Friday from 08:00-16:45)
5950 (Toll free on Airtel and MTN only)

Email us:
customerservice.zm@absa.africa