Fast Approval Checklist
- Step 1: Submit verifiable haulage or supply contracts with reputable corporate off-takers (Dangote, BUA, Lafarge, breweries).
- Step 2: Present 12 months of operational corporate bank statements demonstrating consistent logistics revenue.
- Step 3: Select certified commercial equipment (Sinotruk HOWO, Mercedes Actros, CAT Excavator, Mack truck).
- Step 4: Pay 20% to 30% initial equity deposit and take delivery with comprehensive commercial transit insurance.
Overcoming High Capital Barriers in Nigerian Logistics
Haulage and bulk transport form the backbone of commerce across Nigeria. However, with new and foreign-used (Tokunbo) commercial truck prices rising rapidly, purchasing vehicles with outright cash depletes company reserves.
Equipment lease finance allows fleet operators, mining companies, and construction contractors to deploy revenue-generating machinery immediately while funding purchase costs out of monthly operating income.
Equipment Categories Eligible for Asset Financing
- Long-Haul Trailers & Prime Movers: Mercedes Actros, DAF, MAN, and Mack tractors for interstate haulage.
- Construction & Mining Tippers: Sinotruk HOWO, Shacman, and FAW 20-ton to 30-ton dump trucks.
- Earthmoving Equipment: Caterpillar, Komatsu, and JCB excavators, bulldozers, and backhoe loaders.
- Cold Chain & Distribution Vans: Insulated and refrigerated box trucks for FMCG and pharmaceutical delivery.
Helpful Loan Resources & Links
- Explore Asset & Auto Financing Facilities
- Calculate Commercial Fleet Monthly Payouts
- Federal Road Safety Corps Commercial Guidelines (FRSC)
Frequently Asked Questions
Does the bank retain the vehicle title during the lease?
Yes. The lender or leasing company retains ownership title until the final balloon installment is settled, after which full ownership documents transfer to the borrower.
Can an existing haulage contract serve as loan collateral?
Yes! Long-term corporate transport agreements with blue-chip Nigerian companies are recognized as prime security for commercial fleet facilities.
