Instalment Sale

Instalment Sale

Instalment Sale is a financial facility provided to the client for the procurement of equipment, which is purchased by the bank and then sold to the client on terms, stipulating timeframe and interest rate. The client undertakes to repay the full amount and ownership of the equipment passes to the client upon payment of the last / final instalment.


  • Repayment periods range from 6 to 54 months for Non-Taxed –Based customers i.e. “man in the street”
  • Repayment periods range from 6 to 60 months for Tax-Based customers and companies
  • Minimum deposit of 10% required from Non-Taxed-Based customers
  • There is no minimum deposit required for Tax-Based customers
  • Interest rates are either linked to Prime or fixed for a period
  • VAT is charged on the purchase price
  • Comprehensive insurance is a must for the term of finance


  • Ownership passes to client at the end of the finance term
  • Client receives full benefit of any resale value
  • Deposit is structured to suit clients needs
  • Repayment period is structured to suit clients needs
  • Tax based clients can claim wear & tear as well as all interest paid as tax deductions

Best Suited For:

  • Clients wishing to retain ownership of the equipment
  • “The man in the street”
  • Tax based clients
  • Companies