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In a major boost for consumer credit and asset ownership in Nigeria, United Bank for Africa (UBA) Plc<\/strong> has partnered with Mikano Motors<\/strong> to launch a flexible auto-financing initiative tagged “Drive Your Dream Today.”<\/strong><\/p>\n\n\n\n Unveiled at the Mikano Motors showroom in Victoria Island, Lagos, the partnership is specifically designed to eliminate the steep upfront cost of purchasing a new vehicle by offering up to 70 percent financing<\/strong> to eligible buyers.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n The collaboration combines UBA’s expansive retail banking network with Mikano Motors’ diverse vehicle lineup to deliver a structured, accessible pathway to car ownership.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n Speaking at the launch, UBA\u2019s Group Executive Director-designate for Personal and Business Banking, Chidi Okpala<\/strong>, emphasized that the partnership reflects the bank’s commitment to reducing the upfront financial burden associated with acquiring critical assets.<\/p>\n\n\n\n \u201cOwning a car should not be out of reach for hardworking Nigerians, and this partnership makes it far more achievable. A customer puts down 30 percent, we finance the rest, and they pay us back comfortably over a three-year period. By removing the single biggest barrier to vehicle ownership, we are showing what customer-first banking looks like in practice.\u201d \u2014 Chidi Okpala, UBA Group Executive Director-designate<\/em><\/p>\n<\/blockquote>\n\n\n\n Adding to this, UBA\u2019s Group Head of Consumer Lending, Frank Okoh<\/strong>, noted that the entry process has been streamlined so both fixed-income earners and business owners can easily participate without encountering bureaucratic friction.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n For Mikano Motors, the partnership provides an opportunity to extend its premium automotive experience to a broader base of Nigerian buyers.<\/p>\n\n\n\n General Manager of Mikano Motors, Tarek Mostafa<\/strong>, assured customers that every vehicle purchased under the scheme will be backed by comprehensive sales and after-sales support nationwide.<\/p>\n\n\n\n \u201cMikano Motors was established to give Nigerians a high-end ownership experience… The backbone of any automotive business is not just the sale, but the after-sales service that follows. Partnering with UBA lets more customers enjoy that experience alongside a bank that shares our commitment to service.\u201d \u2014 Tarek Mostafa, General Manager, Mikano Motors<\/em><\/p>\n<\/blockquote>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n The application process is designed to be straightforward and fast-tracked:<\/p>\n\n\n\n In a major boost for consumer credit and asset ownership in Nigeria, United Bank for Africa (UBA) Plc has partnered with Mikano Motors to launch a flexible auto-financing initiative tagged “Drive Your Dream Today.” Unveiled at the Mikano Motors showroom in Victoria Island, Lagos, the partnership is specifically designed to eliminate the steep upfront cost […]<\/p>\n","protected":false},"author":5,"featured_media":467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[475],"tags":[639,644,637,640,642,641,636,643,635,638],"class_list":["post-466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-auto-financing","tag-business-news","tag-car-loan-nigeria","tag-chidi-okpala","tag-consumer-lending","tag-drive-your-dream-today","tag-mikano-motors","tag-nigerian-banks","tag-uba","tag-vehicle-financing"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tKey Highlights of the Financing Scheme<\/h3>\n\n\n\n
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Expanding Financial Inclusion and Credit Culture<\/h3>\n\n\n\n
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Complete After-Sales Support from Mikano Motors<\/h3>\n\n\n\n
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How to Apply for the Scheme<\/h3>\n\n\n\n
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consumerlending@ubagroup.com<\/code> to complete an eligibility assessment.<\/li>\n\n\n\n