Auto Loan
Drive Your Dream Car with Flexible Auto Financing
Why Choose Our Auto Loan?
- Equity Contribution: Own your vehicle with a minimal upfront contribution from as low as 10% for new vehicles and 20% for pre-owned vehicles.
- Flexible Tenure: Repay conveniently over a tenure of up to 48 months.
- Competitive Interest Rates: Enjoy affordable financing designed to make vehicle ownership easier.
- Quick Processing: Fast approval and disbursement to get you on the road sooner upon fulfilment of all conditions.
- Wide Vehicle Selection: Finance both brand-new and pre-owned vehicles from approved vendors and dealerships.
- Convenient Repayment: Structured monthly repayments through salary domiciliation or direct debit arrangements.
Why Choose Our Auto Loan?
- Equity Contribution: Own your vehicle with a 30% down payment.
- Flexible Tenor: Repay conveniently over a period of 36 months.
- Competitive Interest Rates: Enjoy affordable financing designed to make vehicle ownership easier.
- Quick Processing: Fast approval and disbursement to get you on the road sooner upon fulfilment of all conditions.
- Wide Vehicle Selection: Finance brand new vehicles from approved vendors and dealerships.
- Convenient Repayment: Structured monthly repayments through salary domiciliation or direct debit arrangements.
Requirements
- Duly completed Loan Application Form (LAF)
- Duly accepted Offer Letter.
- Employer’s Letter of Awareness/Introduction or Duly completed Employee Inquiry Form.
- Copy of the obligor’s Staff ID and a valid means of identification.
- Pro-forma Invoice for the vehicle issued in the name of the Bank and the applicant.
- Clean Credit Bureau/CBN CRMS Report.
- Vehicle valuation report (for pre-owned vehicles).
- Vehicle certification/inspection report (where applicable).
- Comprehensive Insurance Policy with the Bank noted as First Loss Payee.
- Vehicle registration and title documents (upon purchase).
Benefits
- Maximum loan amount up to ₦75 million
- Own your dream vehicle and pay in instalment
- Access financing for new vehicles.
- Maximum loan amount is based on the applicant’s eligibility and repayment capacity.
- Enjoy convenient and affordable repayment plans up to 36 months.
- Preserve your savings while acquiring a vehicle.
- Drive with confidence through approved and verified vendors.
How to Apply
- Or speak to your relationship manager or visit any UBA branch near you.
