Lease

New assets for business development

Get the latest technology, plant and equipment with low initial outlay. A finance lease is offered to businesses where a moveable asset is being purchased from a supplier.

Benefits

• Choose a payment option that works for your business
• You receive a proportion of the final sale of the asset at the end of the agreement.
• Personal attention from a relationship manager
• You can recover the VAT on each rental if you are VAT registered
• Capital allowance benefits are reflected in the rentals

Important information

• Interest rate
  • Interest rates – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to a relationship manager for more details
• Interest type – fixed or variable rates
• Interest calculated
  • Fixed – calculated at inception
  • Variable – calculated daily
• Minimum term – 6 months
• Maximum term – negotiable
• Costs
  • Documentation fee – negotiable and paid at the outset of the transaction
  • Fees and charges – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to a relationship manager for more details
• Terms and conditions
  • Capital allowances are claimed by the Bank
  • Sharing of proceeds from the asset sale – negotiated with a relationship manager
  • Full terms and conditions are available on request

Additional solution

• Flexible Business Loan