Nigeria
Vehicle and Asset Finance
We have your dream car covered! Apply for your Vehicle Loan, easy and simple. Our Vehicle and Asset Finance (VAF) is a medium-term facility customized for our salaried and non-salaried customers to buy movable and immovable assets, such as motor vehicles and power generators.
Competitive
Interest rates
4 Years
Repayment term
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 vehicle or asset of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:
- Visit our nearest branch
- Call 01 422 2222
- Email [email protected]
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
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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 vehicle or asset of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:
- Visit our nearest branch
- Call 01 422 2222
- Email [email protected]
- 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
Internet Banking
We provide a safe and secured environment for you to make transfers, payments and track your account easily with our internet banking anytime and anywhere. Register or log on to our internet banking now.
Diaspora Banking
This a specialised offering for Nigerians living abroad. This allows them to send money back home to relatives, manage finances in Nigeria, save to buy a home, invest in local denominated wealth instruments, and execute projects amongst other things.