Get an SME loan, import loan, overdraft or asset finance credit facility for your SME
- Available to SMEs that meet government criteria
- Linked to the current system rate
- Competitive processing fees
Grow your business fleet with Commercial Asset Finance
- Comprehensive range of business vehicle and equipment finance
- Finance Lease: Absa purchases the assets and leases them to your business on an agreed credit term with fixed repayments
- Sale and Leaseback: Sell your business assets to Absa and lease them back
- Available in local currency or major foreign currencies
- Finance up to 90% of the cost price of the asset (excluding insurance and VAT)
- Maximum term of 5 years
- Variable interest rates
- Financing of selected second-hand assets
For assets to be considered acceptable for financing through Asset Finance they must be:
- Moveable
- Freely transferrable in title
- Identifiable
- Durable
- Easy to value and have a predictable value going forward
Acceptable asset types include:
- Passenger, commercial and personal vehicles
- Trailers
- Forklift trucks
- Agricultural equipment
- Industrial equipment
