Car loan

Car Loans

This loan gives you the opportunity to get financing for the car of your dreams based on convenient and affordable structured repayment. Both new and existing Stanbic IBTC customers can enjoy a car loan. Loans are available for a wide variety of vehicle brands including: Mercedes Benz, BMW, Audi, Land Rover, Peugeot, Renault, Nissan, Toyota, Honda, Suzuki, Mitsubishi, Ford, General Motors, Hyundai, Kia, TATA, Tata, Isuzu, Volkswagen, Skoda,Chrysler,and Porsche. We have a car loan calculator to assist you with what you can afford.

What does it offer you:

• You get a repayment tenor of up to 60 months if you're a salary earner.
• If you're self-employed with proven repayment ability.
• Eligible customers are required to make an equity contribution of 10% (for customers with Stanbic IBTC Bank salary accounts) and 20% (for customers without salary domiciliation and for business owners).
• For luxury cars with cost above NGN15 million, a 40% deposit is required as equity contribution.

What you need to apply:

You will need to provide:

  • A completed application form
  • A proforma invoice fromone of our approved dealers
  • Evidence of salary domiciliation or proof of income.

Call us: 0700 CALL STANBIC or (234) 01-2709676 or email

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