SBM Auto Lease provides you with a cost-effective way of owning a car. SBM as well as non-SBM customers are eligible for the Auto Lease and benefit from very competitive interest rates. Some other features and benefits of the SBM Auto Lease are as follows:
- Up to 100% hassle free financing
- Financing of new and second-hand motor vehicles
- Repayment term up to 7 years
- Tailor made lease solutions as per your needs
- Special offer for eco-friendly cars
- Residual Value ranging from 1% to 10%
- Sale and leaseback facility available
- Special Auto lease packages for employees of large organisations upon request
What is SBM Auto Lease?
SBM Auto Lease is mainly geared towards the financing of new and second-hand motor vehicles including cars, SUVs and Pickups under Finance Lease for individuals.
Who is eligible?
SBM and non-SBM customers aged 18 years and above
What type of security is required for SBM Auto Lease?
Since the vehicle is registered in the name of "SBM Bank (Mauritius) Ltd upon lease to the client", there is no requirement to inscribe a fixed or floating charge on property - the vehicle itself is our security.
What is the interest rate?
We propose a competitive interest rate and also offer a rebate of 0.25% on eco-friendly vehicles.
When will I have full ownership of the vehicle?
Ownership of the vehicle will be transferred to you after the payment of all lease rentals and upon settlement of the Residual Value at the end of the lease period.
Why choose 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 or through Online Loan Applications.