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How does Leasing work?

  • Leasing

Leasing enables you to use an asset held by a leasing company against periodic repayments. In the context of the contract, you become the owner of  the asset only when you have paid the residual value at the end of the term. The duration of the lease can vary from 36 to 84 months and a minimum part payment of 10% of the value of the asset is required.

Is VAT included in the financing of the asset?

  • Leasing

Cim Finance does not finance VAT. Financing of the asset is thus based on its value before VAT.

Are insurance fees covered by Cim Finance?

  • Leasing

Any Leasing contract must be covered by insurance. However, Cim Finance does not offer insurance cover. The choice of the insurer remains at the client's sole discretion.

What goods can be financed through Leasing?

  • Leasing
  • Agricultural and industrial equipment
  • Medical equipment
  • Sports equipment 
  • Printing equipment 
  • Boats and big game fishing equipment 
  • New, reconditioned and second-hand cars

How can I obtain Leasing facilities?

  • Leasing

If you plan to acquire an asset and you know its price, contact us. You can also come to our office in Manhattan Building, Corner Edith Cavell and Mère Barthelemy streets, Port-Louis.

What are the steps to obtain a lease?

  • Leasing
  • Submit all relevant documents.
  • Obtain a response within 48 hours following the submission of your file.
  • Acquire the asset after the approval of your file.

What are the leasing charges?

  • Leasing
Administrative fees 1% of the financed amount + VAT
Registration fees (stamp duty) Rs 1, 200
Minimum deposit  10% of the financed amount
Inspection fees on second-hand cars or reconditioned vehicles Rs 1,000 + VAT
Valuation fees Rs 1,150 + VAT
Interest rate Fixed or variable

 

Registration Duty

LThe value of the asset Registration Duty
Rs 100, 000 – Rs 300, 000 Rs 1,000
Rs 301, 000 – Rs 500, 000 Rs 3,000
Rs 501, 000 – Rs 1M Rs 10,000
> Rs 1M Rs 30,000
> Rs 5M Rs 50,000

What must I do if I change address?

  • Leasing

Visit one of our counters with a proof of your new address (CEB /CWA/MT bill). For more information, visit one of our sub-offices.

What must I do if I want to change the payment method?

  • Leasing

Visit one of our counters to make an application. For more information, contact us.

Leasing Equipment Modernization Scheme (LEMS)

  • Leasing

Cim Finance offers support to small and medium-sized enterprises (SMEs), through the LEMS, to help them acquire and modernize their production equipment.

 

Credit purchase

Shopping has never been so convenient

Fill in the information below and simulate your repayment capacity

Finance Amount (Rs)
Interest (%)
Repayment term
Part payment

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6 months

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

You are taking a lease

Leasing:
Price:
Age of Vehicle:
Period:
Down payment:

Monthly rental(Rs)

Finance amount (Rs)

Residual value

Repayment term (month)

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Cim Voyage

How about taking a vacation with your family and friends to explore other shores?

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Credit Facility

The solution to your immediate need for a credit facility!

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.