On Your Terms
Get all the benefits of leasing with ANSA Merchant Bank’s customisable lease financing plans.
USE ONLINE CALCULATORS
An Alternative to Owning
Every business relies on a wide variety of resources and yours is no different. However, purchasing the resources you need is not your only option. Have you considered getting financing to lease vehicles, equipment, machinery and more instead?
Types of Lease Financing Plans
At ANSA Merchant Bank, we offer two types of Lease Financing Plans for your convenience.
With our customisable Operating Lease Financing Plan your business can:
Use the leased item (vehicle, equipment etc.) until the end of the lease period.
Treat all monthly payments as a business expense so that it reduces your tax liability.
Keep the item off your balance sheet so you do not have to account for the depreciation in its value.
At the end of the lease period, upgrade to a more updated version of the item when you begin a new lease.
Use our Online Calculator to get an estimate of your monthly payment with an Operating Lease Financing plan.
Our flexible Finance (or Capital) Lease Financing Plan allows your business to:
Use the leased item (vehicle, equipment etc.) throughout the lease period.
Pay the VAT on the purchase price of the leased item upfront. If your business is registered to collect VAT, you can make a claim for it in your VAT returns.
Have the option to purchase the item at the residual value at the end of the lease period.
Reduce your monthly payment by choosing a higher residual amount at the beginning of your lease.
If you decide to purchase the item at the end of the lease period, your business will own it and would be able to sell it at market value. If the market value of the item is higher than the residual amount your business paid to purchase it, you can make a profit upon selling.
Use our Online Calculator to get an estimate of your monthly payment with a Finance Lease Financing plan.
Benefits of Lease Financing
Leasing offers significant advantages:
Customise your plan – You can make one monthly payment which includes insurance and maintenance costs bundled with the cost of the leased item. We can customise your plan to suit your business’ needs.
Keep initial costs low – Down payments are not required when applying for lease financing because we can finance up to 100% of the cost. That helps your business with cash flow.
Beat depreciation and obsolescence – Some items lose their value very rapidly, especially within the first few years of being produced. Leasing is a more attractive option than buying the item because it allows you to easily switch to a newer, updated model when your first lease ends and you are applying for another one.
What Can You Lease?
We have helped our clients with lease financing for:
Light Motor Vehicles (Company Cars)
Trucks – Vans, Tankers, Tractor-Trailers, Box Trucks etc
Heavy Equipment & Machinery – Tractors, Bulldozers, Backhoes, Excavators, Forklifts, Loaders etc.
How to Get Started
You will need to submit the following documents to apply for a business loan
Certificate of Incorporation | Certificate of Continuance
Articles of Incorporation | Articles of Continuance
Financial Statements for the last three (3) years
Bank Statements | Account History for the last six (6) months
Two (2) IDs each Director & Corporate Secretary
Proof of address – Utility bill no older than three (3) months
VAT registration certificate & BIR number
Apply now for Lease Financing
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