A Stanbic Bank Car Loan can help you obtain a car whether you wish to import one, buy one from a local bond, or lease one. Below are some of the most important features of a Stanbic Bank Car Loan.
Buying a car, whether new or secondhand, is an exciting experience. The process, though, could be scary if you’re financing the purchase.
However, with a reasonable, flexible loan repayment plan and free insurance packages, you may get the car of your dreams.
Stanbic Bank Uganda can make it happen whether you want to import a car, buy one from a local bond, or lease one.
Below are key features of the Stanbic Bank Car loan.
What kind of vehicles are financed?
All cars from reliable manufacturers are financed. They include those listed below and some more.
Isuzu, Nissan, Mercedes Benz, Ford, Volkswagen, Toyota, Mitsubishi, Land rover, TATA, and Scania.
What do you need to get a Stanbic Bank Salary loan?
Customers are categorized into two groups, salaried customers and employed customers as explained below.
Requirements for self-employed customers
- Business profiles include information about current leadership and company activities.
- A CRB card (Financial Card) is required for the company, shareholders, and directors, and pro forma invoices for assets.
- Contracts already signed or in the works, as well as a list of major buyers and raw material suppliers.
- A copy of a current business license
- Three years’ worth of audited financial statements created by an audit company that the Bank has approved.
- An offer letter and loan statement for other bank facilities
- Estimate of cash flows throughout the facility
- 12 months’ worth of bank statements for accounts maintained with other banks.
- The organization’s or business’s registration documentation.
Requirements for salaried customers
- Copy of financial card
- Certified invoice for the needed cars
- Appointment letter with three months’ worth of payslips.
- The employer’s promise that salary will continue to be transferred through the Stanbic account
- If benefits other than the appointment letter are used as the means of repayment, proof of benefits received is required.
Conclusion
To finance a vehicle through Stanbic Bank, you must submit personal data, such as your name and contact information, among other things. To ascertain whether you’re a strong candidate for a loan, a Stanbic Bank agent will obtain your credit history and report.
They’ll look at your income level and debt-to-income ratio in addition to other factors to establish how much you can afford to pay each month.
For better chances of getting a Stanbic Bank Car loan, you may visit a nearby Stanbic Bank branch with the requirements and request to talk to a representative.
