Vehicle and Asset Finance
Our Vehicle and Asset Finance (VAF) for Retail Clients is designed for salary earners who are desirous of acquiring cars (new and pre-owned), diesel and gas-powered generators, solar-powered inverters, electronics and home appliances.
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
What you get
Car Loan – Get your Dream Car
- Flexible Payment Terms - with up to 5 years tenor for repayment
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your car.
- New and Pre-owned Vehicles
- Pre-owned Vehicles must not be older than 15 years old.
- Minimum 10% Initial Payment
Inverter/ Solar panel Solutions – Light up your home
- New Inverters /Solar solution only
- Minimum 10% Initial Payment
- Up to 24 months repayment plans
Generators - Power your house
- New Generators only
- Minimum 10% initial payment
- Up to 36 months repayment plan
Electronics and Household Appliances - Enhance your lifestyle
- New Electronic appliances only
- Minimum 10% initial payment
- Up to 24 months repayment plan
What it costs
Open only to new and existing salary account holders domiciled with Stanbic IBTC Bank except Bankers.
How to get it
- 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]
Asset Type and Requirements
Vehicle: Used
- Proforma invoice is to be obtained from an approved Stanbic IBTC Bank vendor and approved vehicle brand.
- Mileage not exceeding 120,000km
- The vehicle must not exceed 15 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 Bank.
- Confirmation of receipt of the first salary in the client’s account.
- Minimum income level of N90,000 Net Monthly.
-
What you get
-
What it costs
-
How to get it
-
Asset Type and Requirements
Car Loan – Get your Dream Car
- Flexible Payment Terms - with up to 5 years tenor for repayment
- Access to competitive interest rates
- Access to our comprehensive dealer/partner network to help you find your car.
- New and Pre-owned Vehicles
- Pre-owned Vehicles must not be older than 15 years old.
- Minimum 10% Initial Payment
Inverter/ Solar panel Solutions – Light up your home
- New Inverters /Solar solution only
- Minimum 10% Initial Payment
- Up to 24 months repayment plans
Generators - Power your house
- New Generators only
- Minimum 10% initial payment
- Up to 36 months repayment plan
Electronics and Household Appliances - Enhance your lifestyle
- New Electronic appliances only
- Minimum 10% initial payment
- Up to 24 months repayment plan
Open only to new and existing salary account holders domiciled with Stanbic IBTC Bank except Bankers.
- 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: Used
- Proforma invoice is to be obtained from an approved Stanbic IBTC Bank vendor and approved vehicle brand.
- Mileage not exceeding 120,000km
- The vehicle must not exceed 15 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 Bank.
- Confirmation of receipt of the first salary in the client’s account.
- Minimum income level of N90,000 Net Monthly.
Do you have a business? Learn more about our Vehicle and Asset Financing options for business owners.
Frequently Asked Questions
Got a question about our Vehicle and Asset Finance solutions? View our commonly asked questions.
- Frequently Asked Questions about Vehicle and Asset Financing
Frequently Asked Questions
Got a question about our Vehicle and Asset Finance solutions? View our commonly asked questions.
- Frequently Asked Questions about Vehicle and Asset Financing
We also offer
Internet Banking
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Diaspora Banking
This is a specialised offering for Nigerians living abroad. It 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.