Let us be your LEMS partner

Cim Finance provides assistance to SMEs through the Leasing Equipment Modernisation Design (LEMS), a special government scheme that helps them acquire and upgrade their production equipment. 

You need vehicles and/or equipment for your business… You want to spare your liquidity for other expenses… Cim Finance assists you in implementing your projects with a flexible Leasing contract, which lets you use an asset held by a leasing company against repayments scheduled over 36 to 84 months. This steady and cost-effective long-term financing provides your business with the necessary flexibility to seize growth opportunities.

Packages

LEMS I

Leasing facility of a maximum of Rs 10 million for the purchase of new equipment by SMEs with turnover not exceeding Rs 50 million per annum with an interest rate of 6% per annum

LEMS II

Leasing facility not exceeding Rs 25 million for the purchase of new equipment by SMEs with turnover between Rs 50 million and Rs 150 million per annum with an interest rate of 6.5% per annum

LEMS III

Leasing facility not exceeding Rs 50 million for the purchase of new equipment by SMEs with turnover between Rs 150 million and Rs 500 million per annum with an interest rate of 6.5% per annum.

Eligibility criteria

  • SMEs and other eligible enterprises in the manufacturing and other productive sectors, agro-industry, excluding those engaged in trading and service sectors.
  • Eligible companies should have been incorporated in Mauritius and operating for more than one year.
  • Turnover determines which category of LEMS scheme the enterprise is eligible for. 
  • Hold a Business Registration Number related to the business for which they are applying under the scheme.
  • Confirmation that the company does not belong to a Group (or if within a group, the group’s annual turnover will be used to determine under which category of scheme the company may be eligible).

Our strengths

  • Flexible terms for up to 7 years for new cars and 5 years for reconditioned and second hand cars
  • Minimum deposit of 10% 
  • Competitive rates
  • The financed asset serves as security
  • No need for additional guarantee as financed asset serves as security
  • Leasing does not affect borrowing capacity as no collateral is involved
  • Option to own the asset at term of lease, by paying residual value (1% of financed amount)

Stages of your application

  • Submit relevant documents  
  • Obtain a response within 48 hours following the submission of your file
  • If your file is approved, Cim Finance provides up to 90% of the amount before VAT.
  • Take delivery of the asset
  • Start your monthly payments

Relevant documents

  • Certificate of Incorporation
  • Business proof of address
  • Business registration card
  • VAT Certificate
  • Annual Return/ Financial statements
  • NIC /Passport of Directors
  • Proof of Address of Directors
  • Quotation/Letter from Vendor
  • Trade License/Permit/PSV licence
  • Bank statement

Relevant Documents

NIC /Passport of Directors

Board Resolution

Business Registration Card

Certificate of incorporation

Trade License/Permit/PSV licence

Annual Return/ Financial statements

Proof of Address of Directors

Quotation/Letter from Vendor

VAT Certificate