Uganda
Car Loan
Drive the car of your dreams with affordable, flexible loan repayment and complimentary insurance packages. Whether you want to import a car, buy one from a local bond or lease a car, we have the best partners in the market to get it done
Some of the benefits
Affordability
The best interest rates in the market.
Credibility
Access to our accredited vehicle and equipment suppliers.
Flexibility
Flexible repayments arranged to suit your cash flow.
Insurance
Affordable complimentary insurance from our trusted partners.
Which type of Vehicles are financed
All Vehicles from reputable brands including but not limited to;
- Ford
- Toyota
- Scania
- Isuzu
- Nissan
- Mercedes Benz
- Volkswagen
- Mitsubishi
- Land rover
- TATA.
What you need
Salaried customers
- Appointment letter and pay slips for past 3 months
- Undertaking from the employer that salary will continue to be remitted through the Stanbic account
- Proof of benefits received if this is the source of repayment (if transport/ car allowance is provided for in a separate document other than the appointment letter)
- Copy of Financial card
- Proforma invoice for the required vehicles
Self employed
- Company profile giving details of current management and business operations.
- Proforma Invoices for assets required
- CRB card (Financial Card) for company and shareholders/ directors
- Bank statements for accounts held with other banks – 12 months
- Registration documents of the business/entity
- Copy of valid trading license
- Audited accounts for the last 3 years prepared by an audit firm approved by the Bank.
- Cash flow forecast covering the period of the facilities
- Contracts on hand/pipeline and a list of the main customers and suppliers of goods/raw materials.
- Offer letter and loan statement for other bank facilities
What it costs
- Down Payment of up to 20% of the cost of the vehicle or asset.
- Prime +margin interest rates.
- 2% of the Loan Amount arrangement fees.
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Which type of Vehicles are financed
-
What you need
-
What it costs
All Vehicles from reputable brands including but not limited to;
- Ford
- Toyota
- Scania
- Isuzu
- Nissan
- Mercedes Benz
- Volkswagen
- Mitsubishi
- Land rover
- TATA.
Salaried customers
- Appointment letter and pay slips for past 3 months
- Undertaking from the employer that salary will continue to be remitted through the Stanbic account
- Proof of benefits received if this is the source of repayment (if transport/ car allowance is provided for in a separate document other than the appointment letter)
- Copy of Financial card
- Proforma invoice for the required vehicles
Self employed
- Company profile giving details of current management and business operations.
- Proforma Invoices for assets required
- CRB card (Financial Card) for company and shareholders/ directors
- Bank statements for accounts held with other banks – 12 months
- Registration documents of the business/entity
- Copy of valid trading license
- Audited accounts for the last 3 years prepared by an audit firm approved by the Bank.
- Cash flow forecast covering the period of the facilities
- Contracts on hand/pipeline and a list of the main customers and suppliers of goods/raw materials.
- Offer letter and loan statement for other bank facilities
- Down Payment of up to 20% of the cost of the vehicle or asset.
- Prime +margin interest rates.
- 2% of the Loan Amount arrangement fees.