Auto Loan

This product is designed for companies, institutions, organization’s and Individuals who want to acquire vehicles for their business.
  • 100% Financing
  • 30% Deposit as security
  • Comprehensive insurance
  • Joint registration
  • Interest rate 30% per annum
  • Processing fee of 5%
  • Repayments equal monthly installments

The Benefits

The benefits include the following:
  • Simple, Easy, flexible, convenient, accessible
  • You Earn interest on your deposit
  • You will not lose your car in case of accidents
  • You are part owner of the car
  • It becomes your property after repayment
  • Terms of repayment is flexible
  • Age of vehicle not more than 6 years from manufacturing date

How to Apply

You will need to gather the following requirements before you can apply:
  • Must have operated account for six months
  • Provide two existing salary workers as guarantors
  • One valid natioanl ID card (NHIS, Voters, Drivers license, Passport)
  • One passport size picture
  • A deposit of 30% of the cost of vehicle
  • Fully completed Auto Loan Application Form
  • Send completed Auto Loan Application form together with all the above mentioned documents in person to any of our branch network offices or email all documents to: