Vehicle and Asset Finance

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.