Auto Loan
ABSA Bank
ABSA Auto Loan
Financing for new and used vehicle purchases
Features
- Loan amount: Up to UGX 150 million
- Tenure: Up to 60 months
- Financing up to 90% of vehicle value
- Quick approval process
Requirements
- Vehicle valuation report
- Income proof
- Valid ID (National ID, Passport, or Driving License)
Fees & Charges
- Application feeUGX 50,000
- Arrangement fee1.5% of loan amount
- Comprehensive insurance4% of vehicle value annually
- Early repayment fee3% of outstanding balance
Interest Rate
Rate16.5% Reducing balance
16.5% per annum on reducing balance
Why Choose This Product
- 1High financing ratio
- 2Competitive interest rates
- 3Quick approval process
Quick Summary
Target Customer
Individuals looking to purchase vehicles
Interest Rate
16.5% Reducing balance
Key Fees
- Application feeUGX 50,000
- Arrangement fee1.5% of loan amount
- Comprehensive insurance4% of vehicle value annually
- + 1 more fees