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Operating Leases
Get the equipment you need for your business without the burden of acquisition cost. We offer SMEs, corporates and government organisations flexible lease structuring with reasonable initial deposit and purchase costs. The assets are registered in the names of the bank through Uganda Revenue Authority and repayment is amortized over a fixed period that is
Get the equipment you need for your business without the burden of acquisition cost. We offer SMEs, corporates and government organisations flexible lease structuring with reasonable initial deposit and purchase costs. The assets are registered in the names of the bank through Uganda Revenue Authority and repayment is amortized over a fixed period that is agreed in advance.Ownership reverts to the borrower after the loan is repaid fully.
Asset classes that can be leased include:
- Motor vehicles
- IT equipment
- Supermarket equipment
- Construction Equipment
- Furniture, fixtures and fittings
- Medical equipment
- Industrial equipment
Features
- One does not require large initial capital for deposit or purchase.
- No risks of obsolescence of the asset.
- NCBA lease structuring is flexible.
- Full lease rental is an operating expense thus provides a tax benefit to your business.
- One can extend the lease term or replace old assets with new ones.
- NCBA Bank disposes of the leased asset for you at the end of the lease term.
- VAT on the asset leased is spread over the lease term of the asset.
- Rental payments are not based on 100% cost of the asset.