Get behind the wheels in the vehicle of your choice with our SBM Auto Lease. Packed with numerous benefits, our tailored leasing solutions bring you the perfect ride.
SBM Bank (Mauritius) Ltd is licensed by the Bank of Mauritius.
• Competitive interest rates.
• Up to 100% financing for new vehicles and up to 90% for reconditioned & second-hand vehicles
• Repayment term of up to 7 years for new vehicles and up to 5 years for reconditioned/second-hand vehicles
• Minimum lease amount of Rs 1,000,000 for new electric and hybrid vehicles and Rs 500,000 for reconditioned/second-hand vehicles and Rs 200,000 for other vehicles
Get in touch with us by visiting your nearest SBM branch to discover our SBM Auto Lease!
- National Identity Card
- Recent proof of address (utility bill – MT, CWA or CEB), not older than 3 months
- Last 3 months salary slips
- Last 3 months bank statements for existing customers / Last 6 months bank statements for new to bank customers
- Quotation from supplier (if vehicle is being purchased from car dealer)
If reconditioned or second-hand vehicle:
- Letter of intent from seller (if vehicle is being purchased from individual)
- Copy of Registration Book (if vehicle is being purchased from individual)
- Report on Technical Survey carried out on vehicle
What is SBM Auto Lease?
SBM Auto Lease is mainly geared towards the financing of new and second-hand motor vehicles (cars, SUVs and Pickups) under Finance Lease for individuals.
Who is eligible?
SBM and non-SBM customers aged 18 years and above.
What is the interest rate?
We propose competitive interest rates and preferential interest rates under our SBM Eco Auto Lease offer to finance the acquisition of electric & hybrid vehicles.
What type of 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 or floating charge on property - the vehicle itself is our security.
When will I have full ownership of the vehicle?
Ownership of the vehicle will be transferred to you after payment of all lease rentals and upon settlement of the Residual Value at the end of the lease period.
Where can I apply for SBM Auto Lease?
Applications can be made at any SBM branch or can be initiated via the Online Application feature on SBM Bank’s website.