This product gives a flexible approach to the purchase of brand new cars
Features Of Skye Auto Lease
- Minimal equity contribution
- Online application facility
- No collateral
- Brand new Cars
- Convenient monthly install mental payment
- Auto Tracking facility for high valued vehicles
- Insurance on personal Accident
- Provision of replacement vehicle during repairs of accidental vehicle
- 48hours response time
- Facility is available only to confirmed staff for employed individuals
- Flexible tenor of up to Sixty months
- There must be insurance (comprehensive) cover for all vehicles noting Skye Bank as the first loss payee.
- Monthly repayments must not exceed 33.33% of applicant’s net salary.
- It cannot be used to finance the acquisition of vehicles intended for commercial use.
- It is only accessible by private individuals.
Qualification Criteria For Skye Auto Lease
- Applicants to be considered will be in the middle to high-income group earning at least N1m annually net of taxes.
- When a small business is applying, amount must not exceed 25% of prior year’s turnover, as deducible from verified bank statements presented by the business.
- Applicants must have been confirmed in their present place of employment, hence should have spent at least six months in their present employment
- Calculated loan repayment plus interest must not exceed 33.33% of applicant’s monthly salary net of taxes.
- Applicants should be able to accommodate repayment of the loan from their normal cash flow within the agreed tenor.