Auto Loan
Get one for the road
Whether it’s your first car or you want to upgrade to a higher model, the UBA Auto Loan product enables
you to drive your dream car, while you repay conveniently. Approved brands are Toyota, Honda,
Mitsubishi, Hyundai, Mercedes, Nissan, Ford, Suzuki, Kia and Volkswagen.
you to drive your dream car, while you repay conveniently. Approved brands are Toyota, Honda,
Mitsubishi, Hyundai, Mercedes, Nissan, Ford, Suzuki, Kia and Volkswagen.
Product Features & benefits
- Access to reputable auto dealers/retailers
- Convenient repayment terms; up to 48 months
- Attractive interest rate (the interest rate will be on floating terms subject to changes in money market conditions, for the period of the loan)
- Maximum loan amount of N15m
- Minimum equity contribution of 30%
- Mandatory comprehensive insurance and vehicle tracking
Eligibility Criteria
- Functional savings or current salary account
- Duly completed loan application form.
- Valid means of Identification (International Passport, National Driver’s License, National ID Card and Voters’ Card).
- Employer’s undertaking to domicile salary with UBA.
- Duly accepted offer letter or employee inquiry form (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (Confirmed or unconfirmed).
- Copy of the customer’s staff ID.
How to apply
- Visit any of the approved auto vendor stores to obtain pro-forma invoice (PFI) for preferred items.
- Visit a UBA branch to complete a loan application form.
- Execute an offer letter detailing the loan terms and requirements, following approval of the loan.
- Pick up your preferred automobile from the auto vendor.
UBA SUZUKI AUTO PROMO
Get a brand-new Suzuki from as low as N84,000 monthly.
The UBA Suzuki Auto Loan promo offers various Suzuki car models with a convenient repayment plan and exciting perks to all salary earners.
The promo offers:
- – Free vehicle registration
- – One-year free maintenance service
- – Three-year warranty
- – Wide range of vehicles to select from
- – The loan repayment tenor is 48 months (4years)

This Promo is applicable to the following Suzuki models only:
**The loan repayment tenor is 48 months (4years)
Please ensure the Pro-forma invoice presented reflects this price. Also, delivery to locations where there is no Suzuki outlet comes at an extra cost and should be clearly stated in the Pro-forma invoice.
How to apply:
Please visit a UBA branch with the following documents:
- • A Pro-forma invoice from Suzuki
- • Valid means of identification
- • Staff Identification card
- • One passport photograph
UBA SUZUKI AUTO PROMO
Get a brand-new Suzuki from as low as N84,000 monthly.
The UBA Suzuki Auto Loan promo offers various Suzuki car models with a convenient repayment plan and exciting perks to all salary earners.
The promo offers:
- • Free vehicle registration
- • Free fuel for one year, worth N100,000
- • One-year free service – labour and car parts replacement
- • Three-year warranty
- • Wide range of vehicles to select from
- • Convenient repayment plan

The UBA Suzuki Promo is applicable to the following models of Suzuki brand only:
**The loan repayment tenor is 48 months (4years)
Please ensure the Pro-forma invoice presented reflects this price. Also, delivery to locations where there is no Suzuki outlet comes at an extra cost and should be clearly stated in the Pro-forma invoice.
How to apply:
Please visit a UBA branch with the following documents:
- • A Pro-forma invoice from Suzuki
- • Valid means of identification
- • Staff Identification card
- • One passport photograph
Participating Vendors
Cedric Autos-Toyota
Iheh Mic- Toyota, Lexus, Hond
Stallion Nmi-Nissan
CFAO – Suzuki, Mitsubishi
Frequently Asked Questions (FAQs)
Here is everything you need to know about the UBA Auto Loan
A loan for customers whose salaries are domiciled with UBA, for acquisition of automobiles from any of the approved vendors by the Bank.
- With UBA Auto loan, you can acquire the following vehicles:
• Mercedes
• Honda
• Hyundai
• Kia
• Suzuki
• Benz
• Ford
• Toyota
• Mitsubishi
• Nissan
• Volkswagen
Yes, provided your income can support additional facility subject to approved percentage of your salary for loan repayment.
No, you do not need additional collateral for auto financing. Vehicle financed serves as the collateral.
Yes, there is after sales service on vehicle financed as specified by the retailers.
Customer is required to contribute at the minimum, 30% of the cost of vehicle to be acquired.
Yes, all financed vehicles will be insured by insurance companies approved by the Bank.