How Leasing Works
A transparent 8‑stage journey from inquiry to ownership, powered by our latest Terms & Tariffs.
Inquiry & Pre‑Application
Submit initial interest. You'll receive an immediate SMS/Email confirmation with a reference number.
Status: Inquiry Received
Application Submission
Upload documents. The system automatically checks for missing files.
Status: Document Verification
Credit & Risk Assessment
Financial analysis with optional site visit. Track progress via your dashboard.
Status: Under Assessment
Approval
Official Approval Letter with all conditions (down payment, etc.) listed.
Status: Approved
Contract Signing
Download a draft contract. Schedule signing at head office or branch.
Status: Contract Prep
Asset Procurement
We order your equipment. Track supplier confirmation and delivery date.
Status: Procurement
Disbursement & Delivery
Asset delivered, insurance activated. The lease officially begins.
Status: Lease Activated
Active Management
View payment schedule, outstanding balance, and insurance renewal dates.
Status: Active Lease
Eligibility & Terms
Who Can Apply?
Our services are for MSMEs (Micro, Small, Medium Enterprises) in Ethiopia. All applicants must meet the following criteria:
- ✅ Valid Trade/Business License
- ✅ Tax Identification Number (TIN)
- ✅ Feasible Business Plan
- ✅ Appropriate working premises for the machinery
- ✅ Certificate of technical skill to operate the equipment
- ✅ Good credit history (for existing enterprises)
- ✅ Audited financial statements (for existing enterprises)
Application & Rescheduling Fees
| Fee Type | Amount (Birr) |
|---|---|
| Agriculture / Manufacturing / Services | 1,500 |
| Construction (incl. vehicles) | 2,000 |
| IMX (Gov't cluster) | 500 |
| Rescheduling – 1st request | 1,000 |
| Rescheduling – 2nd request | 1,500 |
| Rescheduling – 3rd request | 2,500 |
Minimum Down Payment
| Sector | Rate |
|---|---|
| IMX (Gov't cluster) | 10% |
| Manufacturing | 15% |
| Agriculture / Services | 20% |
| Construction & Vehicles | 25% |
| Employees | 5% |
Service Charge (% per year)
| Sector | 1-2 Yrs | 2-4 Yrs | 4-5 Yrs | 5-7 Yrs |
|---|---|---|---|---|
| IMX | 20% | 20.5% | 21.5% | 22% |
| Agriculture | 20% | 21.5% | 22% | — |
| Manufacturing | 20% | 21.5% | 22% | 22.5% |
| Services | 20% | 21.5% | 22% | 22.5% |
| Construction | 21% | 21.5% | 22.5% | 23% |
| Employees | 12% | 12.5% | 13% | 14% |
Maximum term: 7 years (84 months). Agriculture max 5 years.
⚠️ Late Repayment Penalty
2% per month (0.0667% per day) on overdue installments.
Cancellation Penalties
- After deposit (pre‑saved)5% of down payment
- After proforma submitted2.5% of total CG price
Repayment Frequencies
- Manufacturing: Monthly / Quarterly
- Agriculture – Tractors: Quarterly / Semi‑annually
- Agriculture – Thresher/Combiner: Monthly / Quarterly
- Services: Monthly
- Construction (loader, excavator): Monthly / Quarterly
- Vehicles: Monthly
- Employees: Quarterly
Lease Calculator
Estimate monthly repayments instantly.
Track Application
Real‑time status updates.
Check Eligibility
Verify your MSME status.
Ready to grow?
Start your application today.
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Terms and Tarrifs
Lease Terms & Calculator
Understand how our leasing works and estimate your monthly payments instantly.
Down Payment Rates
- IMX (Gov't cluster): 10%
- Manufacturing: 15%
- Agriculture / Services: 20%
- Construction & Vehicles: 25%
- Employees: 5%
Service Rates (Annual)
- IMX: 20–22%
- Agriculture: 20–22% (max 5 yrs)
- Manufacturing: 20–22.5%
- Services: 20–22.5%
- Construction: 21–23%
- Employees: 12–14%
Rates vary by term (1–7 years).
Maximum Term
Up to 7 years (84 months) for most sectors.
Agriculture max 5 years.
Late Penalty
2% per month on overdue installments.