United Bank for Africa (UBA) has teamed up with Mikano Motors to introduce a vehicle financing initiative titled ‘Drive Your Dream Today.’ This program aims to simplify the car-buying process for Nigerians by requiring only a 30 percent down payment, while UBA covers the remaining 70 percent.
Introduced at the Mikano Motors facility in Victoria Island, Lagos, the deal offers a 36-month repayment window with an interest rate of 23 percent. The plan is open to both salaried employees and self-employed entrepreneurs, ensuring broad access to the credit facility.
To participate, individuals can visit a UBA branch or reach out via email to verify their eligibility. Upon approval, customers can secure a proforma invoice from Mikano Motors to finalize the financing arrangement. Chidi Okpala, an Executive Director designate at UBA, noted that the initiative highlights the bank’s dedication to financial inclusion and supporting customer ambitions.
Frank Okoh, UBA’s Group Head of Consumer Lending, added that the application process is streamlined to assist all types of applicants. Meanwhile, Tarek Mostafa, General Manager of Mikano Motors, emphasized that the collaboration combines accessible financing with the company’s focus on high-quality maintenance and after-sales support. Mikano Motors, a division of Mikano International, continues to leverage over three decades of market experience to provide nationwide automotive services.
