Auto Loan

FirstBank Suzuki

Get an Auto Loan from us today and purchase your dream car sooner than you think. Businesses can also apply for this loan to acquire vehicles for day-to-day running of their business or other purposes.


  • Maximum loan amount of N15 million
  • Maximum tenor is 48 months (4 years)
  • 20% equity contribution is required
  • 22% interest rate
  • Vehicles to be financed must be new and from FirstBank approved vendors
  • Salary domiciliation.



  • A year free car servicing or car serviced at 15,000km mileage (whichever comes first)
  • Free fuel card available for 1 year
  • Free car registration.
  • 3 years manufacturer car warranty


Required Documents

  • Application letter
  • Auto Loan application form
  • Proforma Invoice from FirstBank approved vendors
  • Current 3 months pay slip
  • Statement of account
  • Letter of total emolument.


Who Can Apply

Employees in paid employment.

To apply for the Auto loan,

1) Is the Auto loan facility available to salary account holders in other banks?

  • Applicants must have a salary account with FirstBank.

2) Can the facility be used for the acquisition of fairly used vehicles?

  • The facility is restricted to the purchase of brand new vehicles only.

3) Is credit insurance premium mandatory for this product?

  • Yes. Credit life insures the borrower while the car insurance premium insures the vehicle purchased.

4) Is it mandatory to purchase my vehicle from FirstBank pre-approved vendor list

  • Yes, it is.

5) Is it mandatory to insure the vehicle financed?

  • Yes, all vehicles purchased must be ensured comprehensively through FBN Insurance brokers.

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