Looking to purchase your dream car or leverage the value of your current vehicle? We have a variety of options just for you. Your dream car is within reach.

Key benefits

  • Loan-to-value ratio of up to 100% for a brand new vehicle
  • Loan-to-value ratio of up to 85% for a used vehicle
  • Loan-to-value ratio of up to 75% for auto equity
  • Loan repayment periods of up to 8 years
  • Loan amounts of up to UGX500,000,000/USD130,000
Requirements
  • Minimum income required: UGX1,000,000 or USD1,500 for USD loans
  • The vehicle should not be more than 10 years old
  • Available to salaried customers from our vetted list and to self-employed persons

  • Documents required to apply

    • Proforma invoice from supplier
    • Passport (Proof of Nationality and date of birth)
    • Copy of contract/appointment
    • Proof of income by way of 3 recent salary slips
    • Work ID (further proof of employment)
    • Letter of undertaking from the employer
    • Bank statements for the last 12 months
    • Loan statement
    • Financial card
    • E-tax number (TIN number)

  • Fees

    • Comprehensive insurance cover of 4%
    • Vehicle asset arrangement fees of 2%
    • Valuation fees are tiered to the value of loan
Need more help?

Call us on:
0800 222 333 (Toll Free)
+256 (0) 312 218 348 (Network charges apply)

Email us:

absa.uganda@absa.africa