The Car Bond Finance (CBF) Loan is available to all Ugandans who desire to own a new vehicle from the Car Bond. As Fabiz Auto, we have partnered with various bonds across the country to provide new cars to our customers at negotiated prices.
The maximum loan amount issued under the Car Bond Finance (CBF) Loan is UGX 50 million while the minimum is UGX 3 million. The customer is required to pay a 40% deposit of the car value and Platinum Credit finances the remaining 60% for car acquisition.
The loan repayment term period is either 18, 24 or 36 months. The customer can settle this loan anytime without any early settlement fees charged.
Requirements
- Verifiable Income
- Current Six (6) month Bank Statement or Mobile Money Statement
- Coloured Passport Photo
- Valid National ID / Passport
- 40% Deposit of the Car Value
- Comprehensive Insurance of the vehicle covering the loan term