Leases
We will buy that Asset for you!
You no longer have to burn a hole in your pocket to buy that Car, Mobile Device, Electronics, School Bus, Medical Equipment, Industrial Machine, and such other durables. With our Lease Finance, we will buy the asset for you immediately while you pay for it gradually with ease. This is our own way of helping you say hello to a life of comfort and pleasure!
Automobile Funding
Automobile Funding includes Car Loan and Car Dealer Financing; vehicle finance for buyers and for the dealers who supply them.
- Car Loan: Financing for individuals and business owners looking to purchase a car, brand new or fairly used, with repayment structured around your income.
- Car Dealer Financing: A smart financing solution for car dealers and vendors to stock up their inventory and offer customers flexible purchase options.
Product Details
- Suitable for Confirmed Salary Earners, Businessmen/women, Sole-Proprietors, and Registered Car Dealers and Vendors.
- Qualified Assets are usually Brand-New Cars, Specified Pre-Owned Cars (Local or Foreign Used), Motor Bikes, and Dealer Vehicle Inventory
- Cost of Asset is a minimum of N5.0million.
- Lease tenor or repayment period can be up to a maximum of 12 to 24 months.
- Lease rental can be paid in equal instalments Monthly, Bi-weekly, or Weekly as you may desire.
- Collateral may be required but Advanced Rental is mandatory.
- All financed vehicles are insured under Comprehensive Insurance Cover with FundQuest noted as First Loss Payee.
- Asset title is transferred to the Lessee upon the payment of the final instalment.
Retail Lease
Life does not wait for payday. Our Retail Lease products make it easier to get the everyday assets you need for work and daily life without paying the full cost at once. Choose what you need and pay through convenient, structured repayments.
Retail Lease includes Solar Financing, Gadget & Asset Financing and Photography Financing; everyday assets for individuals and small businesses, with flexible repayment options designed to make ownership more convenient.
- Solar Financing: Empowering businesses and individuals to acquire solar equipment, cut energy costs, and transition to sustainable power with flexible financing.
- Gadget & Asset Financing: Helping individuals and businesses own the latest gadgets and essential assets without the burden of full upfront payment.
- Photography Financing: Enabling photographers and creative professionals to access premium cameras, lenses and studio equipment through affordable, structured payment plans.
Product Details
- Suitable for Confirmed Salary Earners, Individuals, Families, Businessmen/women and Sole-Proprietors.
- Qualified Assets are usually Solar Panels, Inverters and Batteries, Smartphones, Tablets, Laptops, Electronics, Home Appliances, Cameras, Lenses and Studio Equipment, etc.
- Cost of Asset is a minimum of N50,000 and can be up to a maximum of 5,000.000
- Lease tenor or repayment period can be up to a maximum of 12 months
- Lease rental is paid in equal instalments Monthly, Bi-weekly, or Weekly as you may desire
- Advanced Rental is mandatory
- Asset title is transferred to the Lessee upon the payment of the final instalment.
Solar/ Inverter Financing
Solar / Inverter Financing helps homes and businesses replace unstable power with a reliable supply of their own. We fund the complete system upfront and you repay gradually, while the asset is already installed and working for you.
- Solar Systems: Panels, inverters, batteries and full professional installation from an approved vendor.
- Inverter Systems: Battery inverter setups for homes and small businesses that need steady, quiet backup power.
- System Upgrades: Additional panels, a larger inverter or battery replacement for an installation you already have.
Product Details
- Suitable for Individuals, Families, Business Owners and Confirmed Salary Earners.
- Qualified Assets are Brand-New Solar or Battery Inverter Systems and their installation;
- Repayment period can be up to a maximum of 12 months.
- Payment can be made in equal instalments Monthly, Bi-weekly, or Weekly, as you may desire.
- No collateral is needed, but Advanced Rental may be required.
- The asset becomes fully yours once you pay the final instalment.
Lease Finance
Finance Lease gives businesses immediate access to capital to support and sustain day-to-day operational needs.
- Not limited to vehicles; all movable corporate assets are eligible.
- Available to both business owners and confirmed salary earners.
Product Details
- Suitable for Business Owners, Confirmed Salary Earners, Corporate Institutions and Non-Governmental Organisations;
- Qualified Assets are all movable corporate assets, usually Car Fleet, Commercial Trucks, Furniture and Equipment, IT/Server Hardware, Corporate Inverter Systems, Generators, Medical Equipment, Construction Equipment, etc.;
- Cost of Asset is a minimum of N1.0million and capped at our Single Obligor Exposure;
- Lease tenor or repayment period can be up to a maximum of 12 to 24 months
- Lease rental can be paid in equal instalments Monthly, Bi-weekly, or Weekly as you may desire;
- Collateral may be required but Advanced Rental is mandatory;
- All leased assets are insured under Comprehensive Insurance Cover with FundQuest noted as First Loss Payee;
- Asset title is transferred to the Lessee upon the payment of the final instalment.
Sale-Leaseback
Sale and Lease Back is ideal for asset owners; cars, houses, trucks and more who need urgent liquidity while continuing to use their assets.
- Ownership is temporarily transferred to us and fully returned to you upon complete repayment.
- Available to business owners and confirmed salary earners.
Product Details
- Suitable for Business Owners, Confirmed Salary Earners, Individuals and Corporate Institutions with assets they can “sell” to us, and yet retain possession while we meet their immediate cash requirement;
- Qualified Assets are usually Cars, Houses, Trucks, Office Equipment, Medical Equipment, etc.;
- Value of Asset is a minimum of N1.0million and can be up to a maximum of N100.0million;
- Lease tenor or repayment period can be up to a maximum of 12 to 24 months;
- Lease rental can be paid in equal instalments Monthly, Bi-weekly, or Weekly as you may desire;
- Collateral may be mandatory but Advanced Rental is not required;
- Asset title is transferred back to the Lessee upon the payment of the final instalment.
Frequently Asked Questions
Individuals in paid employment, businessmen/women, Corporate Institutions, and Non-Governmental Organisations. Individuals must have worked for at least, 6 months, while Non-Individuals must have been in operations for at least, one year.
Various assets and equipment, so long as it is a durable item. These range from motor Mobile Phone, Home Appliances, Motor Vehicles, Furnitures, Office Equipment, and Soecialized Assets such as Medical Equipment, Construction Equipment, Farm Machinery, etc.
The lease rentals are structured to suit the cashflow of the Lessee (user of the asset), who can choose any of weekly, bi-weekly, or monthly payment frequencies. Any other payment frequency outside these is also possible but will be by special arrangement.
Lease tenor is typically from 6 months to 4 years, depending on the type/nature of the asset asset and the amount required
Advanced Rental is usually required to be paid by the Lessee to the Lessor, as a demonstration of capacity and commitment to the contract. The Advanced Rental is usually calculated as a percentage of the Cost of the Asset and the Lessor will be required to make this payment before the contract is validated.
The asset will be acquired in the name of FundQuest Financial Services Limited. But a transfer of ownership title to the Lessee will be processed upon the payment of the final instalment
No. The specifications of a leased asset can not be altered during the life of the lease.
Yes. All leased assets are insured under Comprehensive Insurance Cover with FundQuest noted as First Loss Payee.
Yes, but your employment income or business cashflow must be able to accommodate the increased instalment.
Certainly Yes. You will be required to send us a Pre-liquidation Notice. You will be able to save the interest that is yet to accrue as at the date of pre-liquidation
We will immediately commence the process for the transfer of ownership title to you. This process only takes a few days.
Unable to find a suitable product? You may wish to consider our Quest Suite of Savings/Investment bundles here or simply contact our Help Centre
