Car Lease
A finance option available to customers buying a car.
- Available for new and used cars within 5 years of age
- Sterling Bank finances up to 80% or 70% of the value of the car as the case may be
- Maximum tenor of 48 months
- Sterling Bank raises a draft in favour of the vendor
- Car is comprehensively insured noting Sterling as the first loss payee
- Ownership resides with Sterling until the loan is fully repaid
Benefits
- Equity contribution is just 20%.
- The vehicle financed serves as the security as ownership resides with the Bank until the loan is fully repaid
- 5% comprehensive Insurance to cover the cost of the asset.
For more information on any of our Sterling Acquire, click here to send us a mail