My dashboardLease modern plant and equipment up to Rs 50,000,000 at 2.5% interest
At a glance
An equipment leasing scheme from the Industrial Finance Corporation of Mauritius offering up to Rs 50,000,000 at 2.5% interest to modernise plant and equipment. Because it is leasing, the equipment itself carries the financing, which keeps the entry cost low. IFCM also offers equity, quasi-equity, debentures and straight debt if leasing is not the right fit for your project.
The Leasing Equipment Modernisation Scheme (LEMS) from the Industrial Finance Corporation of Mauritius (IFCM) helps you replace old machines with modern ones without draining your cash. It is leasing rather than a loan: IFCM finances the equipment, you use it and pay lease instalments, and the equipment itself is the backbone of the deal. That structure typically means less collateral hassle than a standard bank loan.
The scheme goes up to Rs 50,000,000 at 2.5% interest, which is exceptionally cheap money for equipment finance in Mauritius. And if leasing is not the right shape for your project, IFCM is not a one-trick lender: it also offers equity, quasi-equity, debentures and straight debt, so a bigger modernisation plan can be financed with a mix of instruments.
LEMS is aimed at businesses modernising their plant and equipment, which in practice suits manufacturers, agri-businesses, and any operation that runs on machinery, from production lines to processing equipment. It is open to businesses in Mauritius run by citizens or residents. The stronger your case that the new equipment improves productivity or capacity, the smoother the assessment.
To apply, contact IFCM through ifcm.mu. Prepare your business registration details, recent financial statements and, most importantly, quotations for the specific equipment you want to lease. IFCM will assess your business and the equipment, then structure the lease terms, including duration and instalments, around the asset's useful life.
Watch out for this
Watch out and reconfirm the 2.5% rate and the Rs 50,000,000 ceiling with IFCM before building your budget on them, as published details are limited and terms can move. Also remember that with a lease you may not own the equipment until the end of the term, so ask exactly how ownership transfers, what happens if you want to exit early, and whether insurance and maintenance sit with you or with IFCM.
Contact IFCM through ifcm.mu with your business registration, financial statements and quotations for the equipment you want to lease; IFCM will structure the lease and assess your project.
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