Africa’s Global Bank, United Bank for Africa (UBA) Plc, has partnered Mikano Motors to launch an auto financing scheme, themed: ‘Drive Your Dream Today’, specifically designed to ease the purchase of new vehicles by making them more accessible to Nigerians. The flexible Financing solutions Initiative, requires customers to make an initial payment of just 30 percent while the Bank finances the remaining 70 percent.
Unveiled at the Mikano Motors showroom in Victoria Island, Lagos, the scheme allows eligible customers to repay the financed amount in instalments over a period of 36 months at an interest rate of 23 percent.
The financing is available to a broad range of customers, including individuals who are not on a salaried income, providing entrepreneurs, and other eligible Nigerians with a structured pathway to vehicle ownership.
Sales Director, Mikano Motors, Chijioke Michael Mbonu; Regional Manager, Victoria Island, United Bank for Africa, Adaeze Nnama; Executive Director designate, Personal and Business Banking, UBA, Chidi Okpala; General Manager, Mikano Motors, Tarek Mostafa; Regional Manager, Lagos Island, UBA, Hauwa Sadiq-Adamu and Group Head, Consumer Lending, Frank Okoh during a partnership signing between both parties, themed: ‘Drive Your Dreams Today’, a flexible vehicle financing solutions, initiative at the Mikano Showroom in Victoria Island
