The team poses for a picture during the launch
In a strategic partnership with World Navi Company Limited, a renowned Japan-based motor vehicle dealership, dfcu Bank has unveiled a transformative Vehicle and Asset Financing solution today. This bold initiative is set to redefine car ownership in Uganda by offering accessible, reliable, and affordable vehicle financing for individuals and businesses.
The launch event, held at dfcu Bank’s Headquarters in Nakasero, signalled a new era for customers seeking to import high-quality vehicles from Japan with complete peace of mind. The new solution offers customized financing packages across dfcu’s full customer spectrum, including Corporate & Investment Banking (CIB), Commercial, Enterprise, and Personal Banking segments.
Speaking at the launch, Mr. Yoshifumi Sawada, President of World Navi, emphasized the company’s commitment to quality and integrity in the import process.
“We understand the frustrations Ugandans face when buying cars online; vehicles arriving damaged or not matching expectations. With World Navi, we promise transparency and reliability. Each vehicle undergoes a rigorous diagnostic inspection in Japan to ensure mechanical integrity, so our customers can drive off with confidence and satisfaction,” he said.
According to Gloria Ssuuna Namutebi, Senior Manager – Vehicle & Asset Finance at dfcu Bank, the Bank continues to cement its position as a leader in asset financing through strategic partnerships.
“Our role is to facilitate the acquisition of valuable assets, especially vehicles, across all client categories. With World Navi, we are offering tailored solutions, including direct vehicle loans and leasing options. Our product suite addresses both individual and commercial needs with flexible terms that reflect Uganda’s economic realities,” she explained.
Mathias Jumba, Head of Integrated Channels at dfcu Bank, reiterated the bank’s mission to provide inclusive financial solutions that drive development.
“Vehicle ownership should not be a privilege, but a possibility for every Ugandan. Whether you’re an entrepreneur, a professional, or a growing family, this solution is designed with you in mind. We’re offering full financing with competitive interest rates starting at just 17% per annum,” Jumba stated.
Each financed vehicle includes:
· A three-month engine and transmission warranty, provided by World Navi.
· Comprehensive insurance starting from 2.8%, ensuring protection and peace of mind.
· Flexible repayment terms:
o Up to 7 years for brand new vehicles.
o Up to 5 years for pre-conditioned vehicles.
o Up to 4 years for vehicles aged between 6 to 15 years.
This flexibility is tailored to meet the practical realities of Uganda’s vehicle market and supports long-term affordability.
This initiative is part of dfcu Bank’s broader mission to transform lives and businesses through inclusive, innovative, and sustainable financial services. By easing access to mobility, dfcu and World Navi are accelerating economic empowerment and productivity across Uganda.
Starting 15th May 2025, eligible dfcu customers can walk into any branch or engage with a dfcu agent to begin their journey to vehicle ownership, with the confidence of world-class service, transparent processes, and competitive terms.
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