Sections
Poll: Budget distortion
Do you support the moves by Presidency through the Supreme Court to prevent the National Assembly from distorting 2009 budget?
UBA eases vehicle acquisition, tenor now five years
Font size:
Tony Elumelu, managing director, UBA
United Bank for Africa (UBA) Plc has given further impetus to the desire of millions of Nigerians to own brand new vehicles following the extension of the tenor of the bank’s auto finance product.
The product, which hitherto had a repayment tenor of 48 months (four years) has now been extended to sixty months (five years), a move that the bank says would reduce the pressure of repayment on customers.
According to Segun Adejoro, head, Asset/Auto Loans, UBA Plc, “the extension of the tenor is a demonstration of the bank’s support to millions of Nigerians (especially low income earners) who are interested in owning brand new vehicles but cannot afford to make full cash payment.
To enjoy the sixty-month tenor scheme, the customer only needs to be in paid employment in an acceptable establishment and operate a salary current account with UBA”.
Adejoro said UBA is aware of the safety implications of imported fairly used vehicles otherwise known as Tokunbo and is optimistic that with the extended tenor, more Nigerians would have the opportunity to drive the car of their dreams and by so doing, improve their lifestyle. He further explained that UBA Asset/Auto Loan product has improved the lot of the Nigerian middle class as it has availed them increased opportunities to enjoy products that they otherwise would not have been able to pay for.
He said UBA is partnering with leading automobile companies in the country to widen the choice available to customers. He advised prospective customers to visit any UBA business office nearest to them for assistance on how to access the product, adding that the UBA Asset finance is also available for the acquisition of other household items like generating sets, furniture, television sets and washing machines among others.
UBA, Africa ’s global bank has been leading the way in empowering the Nigerian middle class with friendly asset finance products. The bank has in the past few years, leveraged its customer-friendly credit schemes to establish itself as one of the most profitable companies in Nigeria.
According to Segun Adejoro, head, Asset/Auto Loans, UBA Plc, “the extension of the tenor is a demonstration of the bank’s support to millions of Nigerians (especially low income earners) who are interested in owning brand new vehicles but cannot afford to make full cash payment.
To enjoy the sixty-month tenor scheme, the customer only needs to be in paid employment in an acceptable establishment and operate a salary current account with UBA”.
Adejoro said UBA is aware of the safety implications of imported fairly used vehicles otherwise known as Tokunbo and is optimistic that with the extended tenor, more Nigerians would have the opportunity to drive the car of their dreams and by so doing, improve their lifestyle. He further explained that UBA Asset/Auto Loan product has improved the lot of the Nigerian middle class as it has availed them increased opportunities to enjoy products that they otherwise would not have been able to pay for.
He said UBA is partnering with leading automobile companies in the country to widen the choice available to customers. He advised prospective customers to visit any UBA business office nearest to them for assistance on how to access the product, adding that the UBA Asset finance is also available for the acquisition of other household items like generating sets, furniture, television sets and washing machines among others.
UBA, Africa ’s global bank has been leading the way in empowering the Nigerian middle class with friendly asset finance products. The bank has in the past few years, leveraged its customer-friendly credit schemes to establish itself as one of the most profitable companies in Nigeria.
Add to:
del.icio.us |
Digg
del.icio.us |
Digg
Email to a friend
Print version
Plain textRate this article
Comments ( posted):
Post your comment