Unic Asset management Limited offers you finance options that enable you to have uninterrupted use of fixed assets without having to pay for them upfront. In other words you pay as you use the asset and after an agreed period of time ownership is transferred to you.

This facility is best suitable for:

• Employees with a car allowance
• High cost items such as Motor Vehicles, plant and Equipment
• Businesses at their growth phase which are not able to pay for the acquisition of assets to finance growth requirements.

Types of leases offered

• Finance lease
• Operating lease

Features/Terms

• Deposit: Negotiable between the range of 10% to 20%
• Tenure:Maximum period of 24 months
• Interest rate:Market rate interest rate apply which might be linked to Central Bank of Nigeria (CBN) prime rate.
• Security:The asset is used as security
• Ownership: The asset is registered in the name UNIC Asset Management but will be sold back to you at a price of 1.5% of the cost of the asset
• Insurance:You are required to take a comprehensive insurance for the Asset
• Repayment:This will be done by way of direct debit or pre-signed cheques to be lodged with Unic Asset Management

Benefits

• Lease repayments are tax deductible
• Quicker way of enjoying the benefits of assets instead of waiting until you save enough money to pay for the asset in full
• You enjoy uninterrupted use of the asset without straining the cash flows of the business
• The lease can be structured to offer a flexible repayment period to suit your financial needs.

Type of assets that are financed by Finance lease

• Motor Vehicles
• Agricultural Equipment
• Earth moving Equipment
• Industrial Machinery
• Lifting Equipment
• Mining Equipment

This facility is offered by our Fleet management division and is limited to motor vehicles only.

Features

• Deposit is negotiable
• Rent is negotiated and payable every month in arrears
• The asset is owned by Unic Asset Management and will not be transferred on expiration of the lease period.
• Renewal of the lease is negotiable

Benefits

• Rent is tax deductible
• The tenor of the lease period is highly negotiable and can be as short as short as one day and as long as two years
• Return on shareholders’ funds is enhanced since some of the assets generating revenue are not included on the balance sheet

Further information

If you have any questions or need further information, contact any UNIC Insurance branch or our leasing team on the following;

Plot 144, Oba Akran Avenue, Ikeja, Lagos, Nigeria
UAMleases@unicinsurance.com
Telephone: +234 (1) 4968232 – 6
Fax: +234 (1) 270 7017