KAMPALA, Uganda — NCBA Bank Uganda and Motorcare Uganda have partnered to make owning a brand-new vehicle easier and more affordable through a new three-month campaign dubbed “Drive Your Dream Today.”
This strategic partnership provides up to 100% financing on zero-mileage Nissan vehicles, offering competitive interest rates in both UGX and USD, flexible repayment options, and no processing fees.
What the Campaign Offers
The Drive Your Dream Today initiative is designed to benefit both individual and corporate customers, with special terms for those purchasing electric vehicles (EVs). Here’s what clients can expect:
- 💰 Up to 100% financing with as little as 10% equity contribution
- 🛻 Discounted vehicle prices from Motorcare Uganda
- 📉 Reduced interest rates for electric vehicles
- 🗓️ Two-month repayment holiday to ease the financial transition
- 📅 Flexible repayment terms up to 6 years
- 🚫 No processing fees
- 🛡️ Subsidised comprehensive insurance
- 🚗 Vehicles act as collateral — no additional security needed
Who Can Apply?
The campaign targets:
- Individuals earning at least UGX 5 million per month
- Businesses looking to expand fleets
NCBA Bank aims to finance over 100 vehicles during the three-month campaign, which also supports the bank’s broader strategy to lead Uganda’s asset financing market and drive green mobility adoption.
Leadership Speaks
Mark Muyobo, CEO of NCBA Bank Uganda, emphasized the campaign’s benefits:
“This partnership with Motorcare Uganda is designed to make vehicle ownership more accessible without straining cash flow.”
Florence Ssempebwa Makada, Managing Director at Motorcare Uganda, highlighted the economic and environmental need:
“Only about 3,000 out of 22,000 vehicles sold annually in Uganda are new. We want to flip that trend toward cleaner, more reliable cars.”
Cleaner, Smarter Vehicle Ownership
Motorcare’s offer includes 100,000 km of free servicing, making it a compelling alternative to used cars. The initiative also aligns with Uganda’s efforts to reduce carbon emissions by promoting green vehicle adoption through affordable EV financing.
By removing the typical financial barriers and simplifying the car ownership journey, NCBA and Motorcare Uganda aim to stimulate demand for new vehicles, reduce air pollution, and boost the local auto industry.
