This is a consumer credit scheme which allows qualified individuals to part-finance acquisition of cars for personal use. Customers can own a car and pay over a period of time.

Standard Auto Loan

It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank

Features

  • Borrow N500,000.00 to N7,500,000.00
  • Payment over 12 to 48 months
  • Contribute as low as 20% towards the purchase
  • Comprehensive Insurance on the car for the entire loan period
  • No security required
  • Competitive pricing and no hidden charges

Benefits

  • Installation of free tracking device for auto valued at N3, 000,000 and above(Free for cars above N3milion otherwise, N50,000.00)
  • Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
  • We have reliable dealers accredited to ensure you buy from a safe source
  • Convenient insurance payment included in the loan repayment amount
  • No residual cost at end of loan tenure

Eligibility

  • Individuals in structured employment
  • Self-employed individuals with regular income.