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Vehicle and asset finance (VAF)

Our vehicle and asset finance facility provides short-to medium-term funding to buy movable assets, such as cars, trucks, motorbikes and moving equipment for your business. We offer competitive and flexible terms for both individual and business customers. We offer the option to first right of purchase. Assets that may be financed include new or used: cars, construction equipment, agricultural equipment, trucks, earth moving equipment and material handling, aviation, fishing vessels, plant and machinery, commercial fleets, mining equipment, medical equipment, office equipment and computers

What does it offer my business?

  • Assets may be financed for up to a maximum of 60 months (five years)
  • Competitive interest rates apply
  • Standard Insurance Brokers to provide business insurance cover for your asset

*Terms and conditions to apply

Qualifying criteria

  • Have a Business current account  
  • Business owners that’s starting up a business or existing business owners
  • Namibian Registered company (Close Corporation/ Trade as or Pty Limited)
  • Valid driver license
  • Clean credit record 

What do I need to apply?

  • Certificate of Incorporation
  • Identification documents and driver license of all members/shareholders.
  • Certificate to commence business
  • Latest Audited financial statement or management accounts
  • Cash flow forecast for the term of the facility
  • Profit and loss projection for the term of the facility
  • Last six months’ bank statements if not banking with Standard Bank
  • Business Plan for new businesses
  • Suretyship of Guarantors
  • Board resolution to acquire the asset  
  • Quote of asset that needs to be financed 

Insurance

Insurance coverage that protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks. Contact our Standard Insurance Brokers on +264 61 2147 for more information

*Terms and conditions apply 

Rates and fees

Competitive interest rates 

Contact us

Customer care centre on 081 9286 or +264 (0)61 294 2628 or your Relationship Manager


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0819286

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00264 61 294 2126

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