Auto Loan

Promotion will run for 180 days

View Requirements Promo Information Download Application
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We can help you finance the purchase of your dream car with the Sterling Auto Loan. It is available to everyone with a regular monthly income.

Features

Only brand new cars are financed
Maximum tenor of 48 months with competitive pricing
20% equity contribution
Tracking device installation and comprehensive insurance

Requirements

Hand written application letter
Duly executed consumer Loan application form
Minimum of three (3) months active banking relationship with Sterling Bank
Submission of proforma invoice from the bank's approved vendor
Customer's Debt Service Coverage Ratio (DSCR) should not exceed 33.33% (i.e. loan instalment divided by income)
Up-front payment of equity contribution, up-front fees and comprehensive insurance premium
Up-front submission of post-dated cheques for the loan instalments, subsequent comprehensive insurance premium(s) renewal and periodic fees throughout the loan tenor

Auto Loan Promotions

Sterling / Innoson Vehicle

Sterling Bank Plc. and Innoson Vehicle Manufacturing Company Limited have entered into an Auto Finance Promotional Partnership where the Bank provides finance leases for customers that wish to acquire Innoson brand of vehicles.
This promotional partnership will run for 180 days from March 3, 2016 – September 2, 2016.

View promo information

Download Application Form Here