• Monday - Friday: 8:30 - 17:00 Saturday- 09:00 to 12:00
  • Horizon Bank | Kokora Road, Nimra Talata Juba, South Sudan
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Motor Vehicle Loans

Motor Vehicle Loans


The product facilitates the purchase of single user residential plots secured by a lien over the plot being purchased, the product also considers on exception – the financing of plots for multi-dwelling residential use and investment commercial use.


  • Age of motor vehicle financed – up to a maximum of 7 years
  • Debt to income Ratio – 65% of borrowers Net pay or income being considered as a source of repayment
  • Security/Collateral – Vehicle and Asset Finance Agreement, Deed of Assignment, Logbook in joint names and three signed blank transfer forms.
  • Source of income – Salary income or other steady incomes sources e.g., rental income.
  • Loan currency – SSP and US dollar.
  • Amount Financed;
Car Condition Amount Financed
Showroom Car / New Car 90%
Used Cars 80%
  • Maximum loan tenor;
Car Condition Tenor (Years)
Showroom Car / New Car 5
Used Cars 4
  • Interest rate – The Bank Base Rate as advised from time to time plus a margin of up to 10% depending on credit appraisal.
  • Facility Fees; 1% of the loan amount
  • Interest calculation – based on reducing balance basis
  • Minimum loan amount;
    • New/Showroom cars – No minimum
    • Used Cars – Minimum of SSP 500,000
  • Maximum Loan amount is dependent on a customer’s repayment ability and value of the motor vehicle
  • Cost in insurance – Comprehensive Car insurance at 5% value of the vehicle paid annually.


  • Financing that covers purchase of new and used motor vehicles

For any inquiries call us on +211 920 961 800; All your banking needs