IZB Auto Finance

Purchase of brand new and second hand utility vehicle.
Age of Second- hand vehicle not to exceed 5 years. When it’s time for a new vehicle add a few wheels to happiness with our auto finance loan.

  • Salaried employees with Government Institutions, NGO’s, Schools, Corporate and reputable business houses.
  • Professionals such as Doctors, Accountants, Lawyers etc.
  • Self employed people with proven regular income.
  • Corporate entities for purchase of company utility vehicles.
  • 80% of the cost of the vehicle, subject to repaying capacity+
  • Repayment period not exceeding 60 months in case of brand new car and 48 months in case of second hand vehicle . The                 repayment period not to exceed the left over service period in case of salaried employees.
 
  • Total loan deductions including installment on Auto Fin loan should not exceed 50% of salary net of statutory deductions.
  • BOZ Policy Rate plus margin
  • 2.5% to 3%
  • Comprehensive insurance of motor vehicle financed.
  • Charge over motor vehicle financed.
  • Employer’s undertaking to remit loan installments to our bank during tenor of the loan and terminal benefits/gratuity in case of loss of separation.

Customer to complete our standard Auto Fin loan application form attaching the following:

  • Copy of invoice for brand new vehicles from a reputable /registered dealer
  • Letter of sale in case of second hand vehicles with copy of white book and NRC of the seller.
  • Engineer’s report from a reputable garage in case of secondhand vehicles certify
  • If importing, copy of invoice should be made available and estimated cost of duty and transportation to be advised.
  • Loan amount and customer’s contribution shall be remitted to the supplier of the vehicle as a lump sum.
  • Copy of pay slip or proof of income in case of self employed.
  • Copy of NRC of the vendor.
  • T-Pin.

Please contact your nearest branch for further details

SECURE YOUR CHILDS FUTURE WITH OUR

SAVE PLUS ACCOUNT.

Exclusively designed savings account to inculcate savings habits in parents and guardians for their children. This savings account offers attractive interest rates and other benefits to realize your savings goals with other value added features such as IZB Contactless Visa Card, SMS Alert, Mobile and Internet Banking facility.

SECURE YOUR CHILDS FUTURE WITH OUR

PRIVILEGE SAVINGS ACCOUNT

This savings account comes with a cheque book facility I addition to other features such as SMS Alerts, Internet Banking and the IZB Contactless Visa  Card and is an interest bearing savings account.

SECURE YOUR CHILDS FUTURE WITH OUR

CLASSIC SAVINGS ACCOUNT

Sign up for our standard level savings account with value added features of SMS alerts, Internet Banking with the IZB Contactless Visa Card facilities and is as an interest bearing savings account.

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