Building your business one asset at a time

Absa promises to partner with you to help move your business forward. We understand that every business has specific funding needs which is why we offer flexible, hassle-free vehicle and asset finance for new and/or used vehicles. Our dedicated industry experts can provide a bespoke finance option for your business or industry should the need arise. We aim to mobilise your competitive advantage and bring your possibilities to life by growing and sustaining your business and its needs.

We offer instalment sale agreements or financial leases on all movable assets, including commercial vehicles, manufacturing and agricultural equipment as well as yellow goods (construction equipment). Our financing options extend to aviation, marine and renewable energy assets.

Flexible terms of agreement: Choose repayment terms between 12 and 60 months.
Competitive interest rates: Save on interest by choosing the best finance option for your business.
Expert advice: Our skilled specialists will tailor-make funding to suit your business.
Digital self-service access: If you are registered for Absa Internet Banking or mobile banking, you can link your account to your profile and will then be able to view the financing details, monitor the outstanding balance and transaction history, and access various types of documentation related to your Commercial Asset Finance account

We also offer an instalment sale agreement that allows you to pay off your vehicle or other asset(s) in instalments. We will provide finance over a negotiated period, at an agreed interest rate, with agreed monthly payments. Ownership will be passed on to you once the agreement has been fully repaid.

Gain ownership of the vehicle or asset your business needs:

Choose the vehicle or asset you want, agree on an interest rate, monthly repayment amount and repayment period.
Ownership of the vehicle automatically transfers to you once the loan has been repaid.
Allows for early settlement.
Comprehensive car insurance on the financed vehicle for the duration of the loan.
Flexible repayment terms to suit your business needs.
Repayment period between 24 and 72 months.
Upfront deposit depending on risk assessment.
Fixed or variable interest rate.
An affordable Credit Protection Plan is available.
Option to make lower monthly repayments with a balloon payment at the end of the contractual agreement.

We also have a lease option for business owners who do not desire to keep the vehicle or asset long-term. During the lease period you will be responsible for making regular payments over the agreed period, with fees and interest.

How to enter into a 12 to 60 months lease agreement with us:

Option to buy the vehicle at the end of the lease period.
Allows for early settlement.
Flexible repayment terms to suit your business needs.
Convenience of driving a car or other asset without the hassle of ownership.
Affordable, fixed monthly payments that are tax-deductible.
Fixed or variable interest rate.
Make lower monthly repayments with a balloon payment at the end of the contractual agreement.
Comprehensive car insurance on the financed vehicle for the duration of the agreement.
An affordable Credit Protection Plan is available.

There is also the option of an Islamic vehicle and asset finance option on a fixed or a variable rate, that allows you to finance your vehicles and/or assets in a Shari’ah-compliant manner.

Here’s what you need to know:

Managed and administered according to Shari’ah law.
Islamic finance is available online, via branches, Absa-approved dealerships or the Contact Centre.
Unique benefits such as 100% financing and tax benefits.
The Absa Shari’ah Supervisory Board is an independent board.
Using the concept of Ijaarah, which is similar to leasing, you have access to a movable asset for a fixed period and price.
We also offer the following finance options:
- Sale and leaseback finance
- Specialised finance: marine and aviation finance
Flexible payment options allow you to reduce your monthly rental fee when you need extra cash based on agreement.
At the end of the lease period, you get ownership of the asset at the contractual value.
Payment amounts can be adjusted upfront using bullet or balloon payments.

The documents that can be accessed digitally via the Mobile Banking App or Absa Online Banking:

Paid-Up Letter – A Paid-Up Letter is a document that confirms the full repayment of your vehicle’s finance as well as the release of any claims against the vehicle. This allows you to take full ownership while also providing proof of loan satisfaction.
Original Natis – Original NaTIS also known as the Original National Traffic Information System Document, is a critical document that is related to your vehicle. It serves as proof of vehicle ownership and registration
Duplicate Natis – Duplicate NaTIS refers to a replacement or copy of the National Traffic Information System (NaTIS) document. It serves as proof of vehicle ownership and registration Natis Copy
Detailed Statement – A Detailed Statement refers to a document that is provided by absa, as your vehicle financer. This document outlines the specifics of the asset repayments
Cross-Border Letter – A Cross-Border Letter refers to a document or letter that allows your vehicle, which is financed in South Africa, to be legally used in a foreign country, especially if the vehicle is being temporarily relocated across international borders.
Tax/Audit Certificate – A Tax/Audit Certificate is a document that shows a summary of the tax-related information and the financial information regarding your vehicle finance agreement
Settlement Letter – A Settlement Letter is a document that is issued by Absa, your vehicle financer. This letter confirms that you have successfully settled your financial obligations, and that the vehicle loan has been fully paid
Copy of Contract