Under this structure, the client sells the asset to The Brook and retains the use of the asset through monthly repayments over an agreed period.
Individual Lease Finance
The Brook remains the legal owner of the asset for the duration of the lease, while the customer retains operating control and shares in some of the economic risks and returns associated with the asset.
Under this structure, the client sells the asset to The Brook and retains the use of the asset through monthly repayments over an agreed period.
Features & Benefits
Who is qualified to benefit from this Product?
Frequently Asked Questions
What type of assets can individuals acquire under this facility?
Personal assets including vehicles and household appliances.
Can the assets be new or used?
Yes, assets can be new, Tokunbo (foreign used), or Nigeria used.
How are repayments structured?
Repayments are made as monthly rentals or quarterly as agreed between the Lessor and the Lessee.
Who owns the asset during the lease period?
The Brook Finance Company Limited remains the legal owner of the asset for the duration of the lease.
What control does the customer have over the asset?
The customer retains operating control of the asset and shares some of the economic risks and returns.
What is the facility tenor?
The facility tenor is up to 36 months with monthly installment payment.
