Flexi Buy allows you to piurchase assets over a term period without having to pay an option to buy fee.

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How it works

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How Flexi Buy works for you

The customer repays the capital plus interest charges over the agreed finance term. The ownership of the asset automatically passes to the customer upon final payment (unlike Hire Purchase there is no option fee to acquire ownership).

  • Income tax treatment
    • The Buyer deducts the interest cost as well as any capital allowances (Wear & Tear), as if he owned the asset outright
  • VAT treatment
    • The Seller charges the full VAT on the cost price, including interest
    • The Buyer is able to claim the full VAT input
  • Accounting treatment
    • The asset is recorded as an "on-balance sheet" item
    • The outstanding debt is shown as a liability
    • The Buyer deducts depreciation and the interest cost
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Assets that can be financed
  • Personal motor cars
  • IT and office equipment
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What to bring when you apply
  • Application (registered resolution to obtain facility)
  • Business plan or company profile
  • Three years' audited financial statements and most recent management accounts
  • Cash flow projections, projected income statements and balance sheet for the finance period
  • 12 months’ bank statements
  • Proforma invoice of equipment or vehicle to be financed addressed to Barclays Bank
  • Certified memorandum and articles of association
  • Particulars of directors and secretaries (for non-Barclays clients)
  • Annual returns and tax clearance
  • VAT registration certificate
  • Company profile
  • Valid trading licence
  • Proof of equity contribution
  • Copy of financial card for the company and signatories/directors
  • Certified certificate of incorporation
  • TIN document for the company
  • Proof of income
  • CVs of directors
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Need more help?


Toll free: 5950
Tel: +260 (211) 366100
Tel: +260 (211) 366225



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