The Asset Finance division of the State Bank of Mauritius Ltd provides lease solutions to industrial, agricultural, commercial & service sectors, self-employed, professionals and individuals.

What do we finance?
• New vehicles (Cars, vans, SUVs, pick ups, trucks, buses)
• Reconditioned / second hand vehicles of less than 4 years
• Computer / office / printing equipment
• Heavy equipment (Tractors, cranes, forklifts, electric lifts)
• Medical equipment
• Other equipment acceptable to Asset Finance

Why SBM Lease?
• Competitive interest rates
• A team of professionals providing tailor made solutions
• A fast and efficient service

1. What is SBM Auto Lease?
SBM Auto Lease is mainly geared towards the financing of motor vehicles including cars/SUVs/pickups under finance lease for individuals.

2. Who are eligible?
SBM and non -SBM customers.

3. Which type security is required for SBM Auto Lease?
Since the vehicle is registered in the name of “State Bank of Mauritius Ltd on lease to the client”, there is normally no requirement to inscribe a fixed/floating charge on property. The vehicle itself is our security.

4. What is the interest rate?
Risk based pricing is applied. We propose competitive floating interest rate based on SBM PLR . We also offer rebate of 0.25% on eco-friendly vehicles. Please contact SBM Asset Finance team for pricing.

5. When will the client have full ownership of the vehicle?
Ownership of the vehicle will be transferred to the client after the payment of all lease rentals and upon settlement of the Residual Value at the end of the lease period.

6. What documents are needed to apply for an SBM Auto Lease?

SBM Asset Finance Application Form.

Quotation of your vehicle. (A Survey Report from our Chartered Motor Surveyor for second hand/reconditioned vehicles)

National Identity Card or Passport

Recent Utility Bill (CEB, CWA or Telephone bill or any other document acceptable to SBM)

Payslip for the last 3 months

Breakdown of monthly income, expenses and profit (if self employed)

Bank statements for the last 12 months (if Non-SBM customer)

7. Where can application be made?
Application can be made at any SBM branch.