We provide funds to assist clients in acquiring moveable assets. Assets qualifying finance include machinery, Construction equipments, Tractors, Farm equipment, vehicle and other moveable assets. The customer enjoys use and possession of the asset in return of an agreed rentals payment. The facility runs for a maximum of 60 months. The facility is flexible, affordable and provides deffernce repayments options.
Sale and Lease Back Facility
We offer this type of leasing facility to both corporate clients and Small and Medium Enterprises are able to convert their existing assets into available cash as working capital, without necessarily loosing the usage of the asset by way of leasing out to those assets to Standard Bank.
The client benefits finances subject to asset valutation (by Standard Bank approved valuers) and we will pay out to you a maximum of 70% of the value under the facility.
This is a unique product that aims tat leasing liability from the client’s financial statements. We take ownership of the asset and you enjoy the use of asset only through monthly rentals. The assets under this facility are returned back to us at the end of the lease. Corporate clients benefits from this product with off balance sheet financing for the use of capital assets, not owning the asset, at the same time benefiting from cash flow and tax benefit.
Group Managers Scheme
This is one of innovative ways of providing cars to employess through a flexible leasing. We enter into agreements with various organisations; both public and private to arrange this facility for its employees with Standard Bank – Vehivle and Asset Finance.
Individuall employees threreafter willenter into leasing arrangements with us for the purchase of the vehicle of their choice in return making monthly deductions from the employee’s salary remitted by the employer.
The facility is both beneficial to the employer as well as the employee in such that an average employee is able to access Vehicle financing at better terms compared to individual customers, while the facility enhances Employee motivation due to “the sensee of ownership” accruing to the individual employee. This results into talent within the organisation.
Revolving Finance Facility
This is the facility that we offer to most of our corporate clients to enable them acquire assets on presentation of invoice. The facility works as an overdraft limit whereby the client is able to utilise the difference between the approved limit and balances at any point. This facility is subject to annual review.
Insurance Premium Finance
This is the way of paying premiums on the mothly basis as oppsed to the once off annual payment. Clients enjoy cash flow benefit and possibly reduced cost benefits. The aim is ensure that clients’ funds are not tied up through annual premium yet still enabling the customer to take advantage of the discounts offered for annual preium payment as opposed to monthly premium payment. The facility is paid for maximum ten months.
Standard Bank Motor Comprehensive Insurance
Motor comprehensive provides cover for accidental loss or damage to the insured vehicle, including fire and theft, plus legal liability to third parties. All clients or potential clients including Corporates and individuals who own or intend to own Motor – private use vehicles, Motor commercial vehicles, Passenger – carrying buses, Trucks, trailers etc. Clients stand to benefit Wide cover – Comprehensive cover with less restrictions/exclusions, Competitivae Rates – Customer pays equitable premium and Superior Claims Handling Service – Service Level Agreement with Broker handling claims and underwrite backing terms.