Standard Lesotho Bank Vehicle and Asset Finance offers you tailor-made finance options that enable you to buy a vehicle or other asset and pay for it over an extended period. We offer numerous Vehicle and Asset Finance options.  These include:

Finance lease

With this option, you enjoy the use and possession of the asset in return for an agreed rental payment. The facility runs for a maximum of 60 months. The facility is flexible, affordable and provides different repayment options.

Group scheme

This is one of innovative ways of providing cars to employees through flexible leasing. We enter into agreements with various organisations; both public and private to arrange this facility for employees.

Revolving finance facility

This is a facility that we offer to most of our corporate clients to enable them acquire assets. The facility works as an overdraft limit whereby the client is able to utilise the difference between the approved limit and balances at any point. This facility is subject to annual review.

Standard Lesotho Bank Bancassurance

Our specialist department provides competitive comprehensive insurance packages. The department provides quotes on premiums and also automatically renews the insurance cover of your assets. Motor comprehensive provides cover for accidental loss or damage to the insured vehicle, including fire and theft, plus legal liability to third parties.

Types of assets we finance

• Passenger cars and commercial vehicles.
• Capital equipment – like tractors, forklifts, bulldozers, machine tools and office equipment.
• Mining equipment.
• Medical equipment.
• Agricultural equipment.
• Aircraft.
• Leisure vehicles for example Quad bikes, Boats, Caravans, etc.

Who can apply

You can apply for Standard Lesotho Bank Vehicle and asset finance provided you:

• Have been permanently employed for a period of not less than 2 years.
• Earn a minimum net monthly income as per prescribed terms.
• Are a citizen of Lesotho aged between 21 and 55 years.

How to apply

To apply for Vehicle and asset finance, just visit your nearest Standard Lesotho Bank branch with the following documentation:

• your identity document.
• proof of income.
• confirmation of employment.
• proof of residence.
• driver’s license.
• A valid quotation.