If you're ready to buy your first car but don't have all the funds, you might want to check out a FirstBank Car Loan. Whether it be for leisure or for an urgent need, it is no denying that having your own auto is a dream come true for most people.
With your own car, you can manage your time better and be independent. Luckily, with an auto loan, you can now purchase your dream car without the need to pay in full. The FirstBank Car Loan allows you to get a brand-new car with monthly payments you can afford.
Whether it be your dream Suzuki or other brand models, your desired auto can now be closer to your reach. Want to know more about this loan offer? Below is a brief guide on what you can expect and how to buy a car with a FirstBank Car Loan. Read on to see whether this option is the right loan deal for you.
What Are The Features Of A FirstBank Car Loan?
Created to help individuals who are in need of a vehicle but cannot afford to pay in full, the FirstBank Car Loan boasts a number of incredible features and benefits. With this loan clients can borrow up to N15 million to get their dream auto, with a maximum term of 4 years.
To make the program even more rewarding, the bank provides free car registration and free fuel card available for 1 year. In addition to that, customers can also enjoy 1 year of free car servicing and 3 years of manufacturer car warranty to ensure that their cars remain to be at their best state.
What Are The Fees For A FirstBank Car Loan
- Equity contribution – 20%
- Interest rate – 22%
How Apply For A FirstBank Car Loan
To be able to purchase your dream auto using a FirstBank Car Loan, you need to be eligible. Specifically, you must be a salaried individual with a salary account with FirstBank. You can use this loan to purchase a new vehicle, not a second-hand one.
If you meet all these requirements, you can proceed to your application. To do so, you can visit the FirstBank official site, select the option “Best Loans and Mortgages” from the home page, and choose “Auto Loan.” Once the page loaded, click the “Apply Now” button to get a copy of the application form.
Download the document, fill in the necessary details, and submit it to the nearest branch in your location. You will need to submit other personal documents as well to prove that you are eligible.
These documents include an application letter, your current 3 months payslip, your statement of account, a letter of total emolument, and a proforma invoice from FirstBank approved vendors.
FirstBank Contact Information
Want to know more about this loan deal? You may contact FirstBank at +234 1 905 2326 or +234 708 062 5000. You may also visit them at their head office located at Samuel Asabia House, 35 Marina, P.O. Box 5216, Lagos, Nigeria.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
