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[ Print Version ]
 Auto Lease
 
Description
 

SBM Auto Lease helps provide you with an alternative cost effective way of owning / purchasing your car

 
 Features
 
  • Open to SBM and non-SBM customers
  • Hassle free financing up to 100%
  • Financing new and second hand motor vehicles
  • Competitive interest rates
  • Repayment term up to 7 years
  • Tailor made lease solutions as per your need
  • Special offer for eco-friendly cars
  • Residual Value ranging from 1% to 10%
  • Sale and lease back facility available
  • Special Auto lease packages for employees of large organisations upon request.
 
 Documents Required
 
  • SBM Asset Finance Application Form.                            
  • Quotation of your vehicle. (A Survey Report from our Chartered Motor Surveyor for second hand/reconditioned vehicles)
  • National Identity Card or Passport                             
  • Recent Utility Bill (CEB, CWA or Telephone bill or any other document acceptable to SBM)
  • Payslip for the last 3 months                            
  • Breakdown of monthly income, expenses and profit (if self employed)                     
  • Bank statements for the last 12 months (if Non-SBM customer)
 
 FAQs
 
  • What is SBM Auto Lease?

SBM Auto Lease is mainly geared towards the financing of new and second hand motor vehicles less than 4 years, including cars/SUVs/pickups under Finance Lease for individuals.

  • Who are eligible?

SBM and non -SBM customers aged 18 years and above

  • Which type security is required for SBM Auto Lease?

Since the vehicle is registered in the name of “SBM Bank (Mauritius) Ltd on lease to the client”, there is no requirement to inscribe a fixed/floating charge on property - the vehicle itself is our security.

  • What is the interest rate?

Risk based pricing is applied. We propose competitive floating interest rate based on SBM PLR. We also offer rebate of 0.25% on eco-friendly vehicles. Please contact SBM Asset Finance team for pricing.

  • When will I have full ownership of the vehicle?

Ownership of the vehicle will be transferred you after the payment of all lease rentals and upon settlement of the Residual Value at the end of the lease period.

  • Why SBM Asset Finance?

A Team of professionals providing tailor made lease solutions
Hassle free financing with simplified procedures

  • Where can I apply for SBM Auto Lease?

Applications can be made at any SBM branch.

 
 Apply Now
   
   
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HOTLINE : 207 0111 / 202 1500 [FROM 08:00 TO 18:00 MONDAY TO FRIDAY]

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