Stanbic IBTC Vehicle Loan Nigeria Low Naira Instalments and Flexible Five-Year Car Finance

Why choose Stanbic IBTC car finance in Nigeria

If you want a straightforward way to own a car without draining your savings, Stanbic IBTC car finance is a strong option across Lagos, Abuja and other cities. The product targets both salaried workers and entrepreneurs, offering tailored financing so you can manage monthly Naira instalments without stress.

The scheme is well known locally for clear terms and dealer-backed support, making it easier to pick a reliable vehicle from approved vendors. Choosing a bank-backed loan helps protect you from hidden fees and uncertain second‑hand deals common in informal markets.

Key features and flexible five-year terms

Stanbic IBTC provides flexibility with up to five-year repayment tenors on many vehicle purchases, allowing lower monthly payments spread in Naira to fit Nigerian household budgets. Competitive interest rates and the possibility to finance both new and approved used vehicles keep the total cost manageable over time.

Other benefits include dealer partnerships that supply proforma invoices, finance only for approved assets like new generators and solar inverters, and options for salaried customers to have their salary domiciled for quicker approvals. Low Naira instalments are especially helpful when planning family finances or small business cash flow.

Eligibility, documentation and fast application

Applicants typically must be permanent, confirmed employees or registered business owners with verifiable income, and meet the minimum net monthly income criteria often set by the bank. Having your salary account domiciled at Stanbic IBTC and a proforma invoice from an approved dealer speeds up processing and improves approval odds.

The application is simple: complete the form, attach proof of income, and submit the proforma invoice for the chosen vehicle or asset. For used cars there are age and mileage limits, so confirm vehicle eligibility with the bank before signing any purchase agreement.

Dealer support, instalments, interest rates and next steps

Partner dealers backed by Stanbic IBTC reduce the risk of buying faulty cars and simplify paperwork, as dealers often provide the required proforma invoices and assist with delivery logistics. Transparent interest rate quotes let you calculate fixed monthly instalments in Naira so you know exactly what to budget each month.

To move forward, compare offers, run a repayment simulation online or at a branch, and confirm all fees and insurance requirements upfront. Apply at a nearby Stanbic IBTC branch or via their customer service to get personalised quotes and start driving with affordable monthly payments tailored to the Nigerian market.