I-Fin offers asset rentals to clients. Rental agreements can be structured over terms of 24 months and up to 60 months. Our transactions are off-balance sheet, which means that businesses can still have their bank credit lines available for other transactions.
The concept of asset rental is not new. We have seen some of the bigger role players incorporating finance into their service agreements, facilitating the finance costs and risks themselves. We have offered some of these companies the opportunity to take over the management and risk of the rental agreements as the management of rental and leasing agreements requires specialized skills.
I-Fin offers a business solution and not solutions to homeowners or individuals. When we assess a rental application, the following criteria is taken into consideration:
• How long has the business been in operation?
• Annual turnover (must be above R2 million).
• Credit record.
• Does the rental application support a new tender or business deal for the client?
• Profile of directors / business owners.
