Vehicle and Asset Finance
Experience the joy of driving your dream car with Stanbic Bank Vehicle Financing, offering tailored solutions to match your needs. Whether it's a brand-new ride or a trusted used vehicle, our financing options are designed with your convenience in mind. We understand that your journey deserves the best, and our vehicle financing options are crafted to drive you towards a future of possibilities.
Some of the benefits
Convenient Repayment Solution
Up to 72 months repayment options
Access to cover
Insurance covers by Stanbic Bank
Dedicated Support
Full brokerage service
Some of the benefits
- Gives customers opportunities to buy the vehicles and movable assets they want, and pay it off in regular instalments, over the period you choose
- No deposit required for new assets
- Repayments calculated at competitive rates. You have the option of a 30% balloon or residual payment
- Access to cover: Insurance covers by Stanbic Bank
What you get
- New or Demo 0% deposit
- Two year old or more deposit from 10%
- Repayment period of up to 72 months (new vehicles).
- Financing of used vehicles(less than 5 years) repayment period of up to 48 months (used Vehicles).
- Provision of comprehensive, credit life and credit shortfall insurance covers by Stanbic Bank.
- Freedom to shop around for the best price
- Full brokerage service.
- Favorable market rates
- Residual Based Lending
How it works
Loan Amount:
- Minimum loan amount BWP 30 000 subject to affordability
- Maximum subject to affordability
Age of vehicle:
- Used vehicle – not more than 5 years at origination and not more than 8 years at maturity of the facility
Loan Term:
- Up to 72 months for employed and self-employed individuals
- Up to 60 months for machinery
- Up to 36 months for motor bikes, boats
How to get it
Documents Required
- Valid driver’s license
- Valid identity document (citizens) or passport (expatriates)
- Work and Residence permits (expatriates)
- Pro-forma invoice or Quotation from an authorized dealer
- Proof of residence (less than 3 months old)
- Current proof of income
- Employment confirmation letter
- 3 month’s bank statements for both existing Stanbic Bank clients and new customers
- Company financials (where applicable)
- Personal balance sheet/s (where applicable)
- Proof of residence (less than 3 months old)
- Valuation report from an authorized dealer (Used vehicle)
- Roadworthiness Certificates (Used vehicle)
- If Married; consent of spouse, Marriage certificate, ID of spouse
- Marital declaration if married out of community or single
-
Some of the benefits
-
What you get
-
How it works
-
How to get it
- Gives customers opportunities to buy the vehicles and movable assets they want, and pay it off in regular instalments, over the period you choose
- No deposit required for new assets
- Repayments calculated at competitive rates. You have the option of a 30% balloon or residual payment
- Access to cover: Insurance covers by Stanbic Bank
- New or Demo 0% deposit
- Two year old or more deposit from 10%
- Repayment period of up to 72 months (new vehicles).
- Financing of used vehicles(less than 5 years) repayment period of up to 48 months (used Vehicles).
- Provision of comprehensive, credit life and credit shortfall insurance covers by Stanbic Bank.
- Freedom to shop around for the best price
- Full brokerage service.
- Favorable market rates
- Residual Based Lending
Loan Amount:
- Minimum loan amount BWP 30 000 subject to affordability
- Maximum subject to affordability
Age of vehicle:
- Used vehicle – not more than 5 years at origination and not more than 8 years at maturity of the facility
Loan Term:
- Up to 72 months for employed and self-employed individuals
- Up to 60 months for machinery
- Up to 36 months for motor bikes, boats
Documents Required
- Valid driver’s license
- Valid identity document (citizens) or passport (expatriates)
- Work and Residence permits (expatriates)
- Pro-forma invoice or Quotation from an authorized dealer
- Proof of residence (less than 3 months old)
- Current proof of income
- Employment confirmation letter
- 3 month’s bank statements for both existing Stanbic Bank clients and new customers
- Company financials (where applicable)
- Personal balance sheet/s (where applicable)
- Proof of residence (less than 3 months old)
- Valuation report from an authorized dealer (Used vehicle)
- Roadworthiness Certificates (Used vehicle)
- If Married; consent of spouse, Marriage certificate, ID of spouse
- Marital declaration if married out of community or single