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.