Vehicle and Asset Finance

We have your dream car covered! Apply for your Vehicle Loan, easy and simple. Our Vehicle and Asset Finance for Retail Clients (salaried and non-salaried customers) enables you to acquire assets such as vehicles (new and pre-owned), diesel and gas-powered generators, and solar-powered inverters for your personal use.
Some of the benefits
Affordability
Choice
Flexibility
Updates
- Flexible Payment Terms - with up to 4 years tenor for repayment
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your car
- Competitive interest rates with fixed repayments
- A completed application form
- Proof of income or evidence of salary
- A proforma invoice for your vehicle or asset of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:
- Visit our nearest branch
- Call 0700 909 909 909
- Send an email to [email protected]
Vehicle: New
- Proforma Invoice to be obtained from an approved vendor approved
- Maximum tenor of five (5) years
Vehicle: Used
- Proforma invoice is to be obtained from an approved Stanbic IBTC Bank vendor and approved vehicle brand.
- Mileage not exceeding 80,000km
- The vehicle must not exceed 10 years at the facility's exit.
Generators
- Only new Power Generating sets are financed.
- Proforma invoice to be obtained from an approved vendor of the bank.
Solar Powered Inverters
- Only new Solar Inverters are financed
- A Pro-forma invoice will be obtained from an approved Stanbic IBTC Bank vendor.
General Requirements
- Permanent and confirmed employees of reputable organisations.
- The salary account must be domiciled in Stanbic IBTC
- Confirmation of receipt of the first salary in the client’s account.
- Minimum income level of N90,000 Net Monthly.
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What you get
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What it costs
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How to get it
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Asset Type and Requirements
- Flexible Payment Terms - with up to 4 years tenor for repayment
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your car
- Competitive interest rates with fixed repayments
- A completed application form
- Proof of income or evidence of salary
- A proforma invoice for your vehicle or asset of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:
- Visit our nearest branch
- Call 0700 909 909 909
- Send an email to [email protected]
Vehicle: New
- Proforma Invoice to be obtained from an approved vendor approved
- Maximum tenor of five (5) years
Vehicle: Used
- Proforma invoice is to be obtained from an approved Stanbic IBTC Bank vendor and approved vehicle brand.
- Mileage not exceeding 80,000km
- The vehicle must not exceed 10 years at the facility's exit.
Generators
- Only new Power Generating sets are financed.
- Proforma invoice to be obtained from an approved vendor of the bank.
Solar Powered Inverters
- Only new Solar Inverters are financed
- A Pro-forma invoice will be obtained from an approved Stanbic IBTC Bank vendor.
General Requirements
- Permanent and confirmed employees of reputable organisations.
- The salary account must be domiciled in Stanbic IBTC
- Confirmation of receipt of the first salary in the client’s account.
- Minimum income level of N90,000 Net Monthly.
More information on our VAF Product
Maximum Tenor is 60 months for salary domiciled customers while Bankers are 48months nothing that Used cars tenors are subject to further deliberations- visit our nearest branch for details.
- Salaried Client - Salary Domiciled – 60 months with minimum of 10% initial contribution from the asset cost
- Bankers - Salary not Domiciled – 48 months ( for Bankers only) minimum of 40% initial contribution from the asset cost
- Maximum 10 years old by exit of finance (i.e. facility must be fully paid by 10th anniversary of date of manufacture) for used Vehicles Subject to vehicle not exceeding 70,000Km and minimum warranty of 3 – 6 months on engine and gear box but limited to Toyota, Mercedes Benz, BMW, Audi, Land Rover, Nissan, Honda, Mitsubishi, Ford, Volkswagen, Chevrolet, Dodge, Infiniti Jeep, Lexus, Acura brands while limiting to N20m cap. And minimum contribution of 20% Note:- other brands are 8years.
A new Product called PAAS- Personal Assets Acquisition Scheme. For salary domiciled customers and pre- approved Employers only.
Offerings are:
- Vehicles both new and used but with a maximum loan limit of N15m and tenor of 48 months
- Inverter and Solar Solution Maximum loan limit of N5M and Tenor is 18 months.
- Generator maximum loan limit of N7m and tenor is 36 months.
Other important features are
- General Combo financing.
- Management fee
- Insurance cover for the entire during of the loan.
- Asset Insurance cover. For any accident and damage to the assets financed
- Life insurance cover for job loss, permanent disability and death only,
No initial contribution. 100% financing.
Maximum TAT of 24hrs from submission of complete documentation.