Skye Auto Lease

Skye Bank Auto Scheme. Zero Upfront Fee

We have carefully designed the Skye auto lease to accomodate the ever increasing needs of our existing and prospective customers. 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.