The Car Bond Finance (CBF) Loan is available to all Ugandans who desire to own a new vehicle from the Car Bond. As Platinum Credit, we have partnered with various bonds across the country to provide new cars to our customers at negotiated prices.

The maximum loan amount issued under the Car Bond Finance (CBF) Loan is UGX 50 million while the minimum is UGX 3 million. The customer is required to pay a 40% deposit of the car value and Platinum Credit finances the remaining 60% for car acquisition.

The loan repayment term period is betwene 3 to 24 months. The customer can settle this loan anytime without any early settlement fees charged.

Customers can apply for this loan via our USSD Code *249# and it’s accessible across all our branches countrywide. Upon application, the customer can drive away in just 3 days.

Requirements

  • Verifiable Income
  • Current Six (6) month Bank Statement or Mobile Money Statement
  • Coloured Passport Photo
  • Valid National ID / Passport
  • 40% Deposit of the Car Value
  • Comprehensive Insurance of the vehicle covering the loan term

NOTE: Platinum Credit accepts early settlements for all loans.