How to Apply for Fidelity Leasing Nigeria
How to Apply for Fidelity Leasing Nigeria
Applying for Fidelity Leasing Nigeria is a strategic move for individuals and businesses seeking to access essential equipment or assets without paying the full cost upfront. The process is structured, transparent, and designed to support financial planning while ensuring business continuity. Below is a detailed guide on how to apply, the eligibility requirements, the application steps, and the contact channels for support.
How to Apply for Fidelity Leasing Nigeria
To apply for Fidelity Leasing, interested applicants must visit a Fidelity Bank branch or contact their SME/Corporate Financing department. Applications can also begin online through the bank’s official website, where prospective clients can submit an expression of interest or request a consultation with a relationship manager.
The bank conducts an initial assessment to determine eligibility and provides guidance on the type of assets that qualify under the leasing program, such as vehicles, machinery, IT equipment, and industrial tools.
Requirements for Obtaining the Loan
Applicants must meet certain criteria and provide the following documents:
- A registered business or valid means of identification (for individuals)
- Corporate Affairs Commission (CAC) documents for businesses
- Bank statements (usually for the last 6 to 12 months)
- Business plan or asset utilization proposal
- Proforma invoice or quotation for the asset to be financed
- Tax identification number (TIN) and recent tax compliance records
- Collateral or guarantor details if required based on risk assessment
- Proof of insurance or willingness to insure the leased asset
The bank reviews the financial health of the applicant to ensure they have the capacity to meet monthly repayments.
Steps Involved in the Application Process
- Inquiry and Consultation
Visit a Fidelity Bank branch or reach out via official contact channels to express interest in leasing. - Documentation Submission
Submit necessary documents including business registration, financial statements, and asset quotation. - Credit Evaluation
The bank reviews the applicant’s financial status and repayment capability. - Approval and Offer Letter
Once approved, the bank issues an offer letter outlining terms such as loan amount, fees, and repayment schedule. - Agreement Signing and Insurance Setup
The applicant signs the lease agreement and ensures the asset is insured. - Asset Disbursement or Procurement Arrangement
The bank pays the vendor directly or arranges asset delivery under the leasing contract.
Bank’s Contact Channels
Applicants can reach Fidelity Leasing Nigeria through the following channels:
- Official Website: www.fidelitybank.ng
- Customer Care Hotline: +234 700 343 35489 (Fidelity Contact Centre)
- Email: [email protected]
- Social Media: Verified handles on Facebook, Twitter, and Instagram (@fidelitybankplc)
- Physical Branches: Available nationwide in major cities across Nigeria
For corporate and SME clients, requesting a dedicated relationship manager can speed up the process and allow for tailored lease structuring.
Frequently Asked Questions
1. Can individuals apply, or is it only for registered businesses?
Both individuals and businesses can apply, but corporate clients often receive higher limits and more flexible terms due to structured financial records.
2. Do I need collateral for the leasing facility?
In many cases, the asset being leased serves as collateral, but depending on the applicant’s risk profile, additional security or a guarantor may be required.
3. What happens at the end of the lease period?
At the end of the contract, clients may choose to buy out the asset at a residual value, renew the lease, or return the asset depending on the agreement signed.
See on the bank’s website
Applying for Fidelity Leasing Nigeria is a straightforward and structured process that enables businesses and individuals to access vital equipment without large upfront costs. By meeting the eligibility requirements, submitting the necessary documents, and following the outlined steps, applicants can secure asset financing with flexible repayment terms. With accessible contact channels and a supportive financial structure, Fidelity Leasing Nigeria stands out as a reliable partner for sustainable business growth and asset acquisition.
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