UBA, Mikano Motors Ease Vehicle Ownership With Auto Financing Scheme
In a major move to make vehicle ownership more accessible to Nigerians, United Bank for Africa (UBA) Plc, Africa’s Global Bank, has joined forces with Mikano Motors to launch a strategic auto financing scheme. Operating under the theme ‘Drive Your Dream Today’, the collaborative initiative is specifically tailored to ease the financial burden of purchasing brand-new vehicles for both individual and corporate customers.
With the current economic climate presenting significant challenges, particularly the rising cost of transportation and vehicle acquisition, this partnership comes as a timely intervention. Under the new scheme, qualifying customers can access flexible financing options with competitive interest rates and convenient repayment terms. This eliminates the requirement for upfront 100% cash payments, allowing buyers to spread their costs over an extended, manageable period.
Expanding Access to Premium Vehicles
Mikano Motors, renowned for distributing top-tier automotive brands in Nigeria—including Geely, Changan, Maxus, and ZNA—brings a diverse fleet of reliable, modern, and fuel-efficient vehicles to the table. Through this auto financing program, customers can choose from a wide range of sedans, SUVs, and commercial vehicles that suit their lifestyle or business operations.
Speaking on the partnership, representatives from UBA emphasized the bank’s commitment to delivering innovative financial solutions that improve the lives of its customers. By leveraging UBA’s robust retail banking network and Mikano’s stellar reputation in the automotive sector, the scheme aims to bridge the gap between dream and reality for aspiring car owners across the country.
Key Benefits of the ‘Drive Your Dream Today’ Scheme
- Flexible Repayment: Structured monthly payments tailored to the borrower’s income flow.
- Competitive Interest Rates: Reduced rates to make financing affordable.
- Quick Processing: Streamlined documentation and fast-tracked approval processes for UBA account holders.
- Warranty and After-Sales Support: Access to Mikano’s comprehensive manufacturer warranties and professional maintenance services.
How to Participate
The auto financing scheme is open to salaried individuals, self-employed professionals, and corporate organizations. To participate, interested customers can visit any UBA branch or Mikano Motors showroom nationwide to obtain the application details. This partnership marks a significant milestone in boosting local mobility and supporting economic productivity by ensuring that reliable transport is within reach for everyone.
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