Experts have welcomed a new vehicle and asset financing initiative launched by dfcu Bank in partnership with Japan-based car dealership World Navi Company Limited, aimed at expanding car ownership among Ugandans through affordable and flexible financing options.
Unveiled at dfcu Bank’s headquarters in Nakasero on Thursday, the deal introduces a customer-centric solution that enables Ugandans to import high-quality vehicles directly from Japan with competitive financing and value-added guarantees.
The move is expected to significantly ease the burden of car acquisition, especially for individuals and businesses unable to afford upfront vehicle costs in a volatile economic environment.
According to dfcu Bank, the facility will be available to clients across Corporate & Investment Banking, Commercial, Enterprise, and Personal Banking segments. Clients can access up to 100% financing with interest rates starting from 17% per annum, depending on vehicle age and type.
“Vehicle ownership should not be a distant dream. Whether you’re a young professional, business owner, or family provider, our solution is tailored to make that dream a reality,” said Mathias Jumba, Head of Integrated Channels at dfcu Bank.
Gloria Ssuuna Namutebi, the Bank’s Senior Manager for Vehicle & Asset Finance, said the partnership strengthens dfcu’s commitment to asset acquisition and economic empowerment.
“We’re offering vehicle loans and leasing options suitable for individuals, SMEs, and corporates—designed with flexibility and affordability in mind,” she added.
One of the key value propositions in the partnership is the reliable import process offered by World Navi, whose President, Mr. Yoshifumi Sawada, emphasized the importance of customer trust.
“Ugandans often face disappointment when vehicles arrive in poor condition. We eliminate that risk. Every car undergoes diagnostic inspections before shipment from Japan, ensuring mechanical integrity,” he said.
The financing solution includes several buyer-friendly features: A three-month engine and transmission warranty by World Navi, Comprehensive insurance starting from 2.8%,Flexible repayment terms,Up to 7 years for brand-new vehicles,Up to 5 years for pre-conditioned units,Up to 4 years for vehicles aged between 6 to 15 years
These terms aim to promote financial inclusion and bolster productivity by making reliable transport more accessible to working-class and entrepreneurial Ugandans.
Industry analysts say the deal could help address a common financing gap in Uganda’s auto market, where most car buyers depend on personal savings or costly informal loans.
Starting May 15, 2025, eligible customers can visit any dfcu Bank branch or agent to initiate the financing process and benefit from what is being described as a “game-changer” in Uganda’s motor vehicle financing landscape.
The initiative aligns with dfcu Bank’s mission to provide inclusive and sustainable financial services while supporting economic growth and improving mobility across the country.
