All risk and rewards related to ownership remains with the Lessee. The Lessor however takes commercial risk in the asset financed, in the form of a Residual Value.

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How it works

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How Flexi Rent works for you

The customer rents the asset for an agreed term and makes regular repayments that include proportions of capital, interest charges and VAT Residual Value not less than 25% of original cost excl. VAT.


  • Income tax treatment
    • The Lessee deducts the lease rentals
  • VAT treatment
    • The Lessor charges VAT on each rental amount.
    • The Lessee can claim VAT input where the asset allows
  • Accounting treatment
    • The asset is recorded as an "off-balance sheet" item (subject to independent auditor approval)
    • The outstanding debt is shown as a note on the Balance Sheet
    • The Lessee deducts rentals as an operating expense


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Assets that can be financed
  • Personal motor cars
  • IT and office equipmentt
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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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