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Vehicle and Asset Finance

Vehicle asset finance

Get financing for your car with flexible and affordable repayment terms.

Some of the benefits

Affordability

Competitive interest rates

Choice

A variety of Partner dealerships to help you find the best car

Flexibility

Flexible payment terms with a 4-year tenure

Updates

A monthly electronic statement to track your repayments
How to get it
  • A completed application form
  • Proof of income/evidence of salary 
  • A proforma invoice for your car of choice (preferably from a Stanbic IBTC partner dealer)

Or you may:

 

What you get
  • 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

 

What it costs
  • Competitive interest rates with fixed repayments
  • How to get it
  • What you get
  • What it costs
  • A completed application form
  • Proof of income/evidence of salary 
  • A proforma invoice for your car of choice (preferably from a Stanbic IBTC partner dealer)

Or you may:

 

  • 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

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.

We also offer
Mobile App_SB_1152373208
Internet Banking

Get access real-time balances and statements, make payments, buy airtime top-up, redeem western union and manage your money without going into a branch

Dispora_Banking_SB_1162756243
Diaspora Banking

Diaspora customers enjoy the standard vanilla transactional banking that customers within direct banking in Nigeria enjoy.