Officials from dfcu bank and with World Navi Company Limited in a group photo after announcing the partnership
dfcu Bank has announced a strategic partnership with World Navi Company Limited, a prominent Japan-based motor vehicle dealership, introducing a groundbreaking Vehicle and Asset Financing solution. This initiative is designed to make car ownership in Uganda more accessible, reliable, and affordable for both individuals and businesses.
The launch occurred at dfcu Bank’s headquarters in Nakasero on May 15 and marked the beginning of a new chapter for customers aiming to import high-quality vehicles from Japan with confidence and convenience. The financing solution features tailor-made packages that cater to the full range of dfcu’s clientele, including Corporate & Investment Banking, Commercial, Enterprise, and Personal Banking customers.
Mr. Yoshifumi Sawada, President of World Navi, underscored the company’s unwavering dedication to quality and transparency throughout the import process. He highlighted the rigorous inspection standards applied before vehicles are shipped from Japan, ensuring that customers receive cars—whether luxury or commercial, high-end or economical, that meet their expectations.
He acknowledged Ugandans often face challenges when purchasing vehicles online, such as receiving damaged units or cars that do not match the advertised specifications. Sawada assured that with World Navi, each vehicle undergoes comprehensive diagnostic inspections in Japan to verify mechanical soundness, enabling customers to take ownership with confidence and peace of mind.
Gloria Ssuuna Namutebi, dfcu Bank’s Senior Manager – Vehicle & Asset Finance, noted that the bank is strengthening its leadership in asset financing by forming partnerships that deliver practical solutions. She explained that the collaboration with World Navi provides both vehicle loan and leasing options tailored to suit a diverse range of customers. These offerings are designed with flexibility in mind, aligning with Uganda’s economic conditions to serve both personal and commercial needs.
Mathias Jumba, Head of Integrated Channels at dfcu Bank, reaffirmed the bank’s commitment to inclusive financial services that support development and economic growth. He emphasized that vehicle ownership should be within reach for all Ugandans, not a luxury reserved for a few. He revealed that full vehicle financing will be available with competitive interest rates starting at just 17% per annum.
Each financed vehicle comes with a three-month engine and transmission warranty provided by World Navi. Comprehensive insurance is also included, starting at 2.8%, offering additional security for customers. Repayment terms are designed to be flexible and accommodating: up to seven years for brand new vehicles, up to five years for pre-conditioned vehicles, and up to four years for vehicles aged between six and fifteen years. This structure is crafted to reflect the real dynamics of Uganda’s vehicle market and promote long-term affordability.
This new financing solution is a reflection of dfcu Bank’s broader vision to transform lives and businesses through inclusive, innovative, and sustainable financial services. By simplifying access to transportation, dfcu and World Navi are helping to foster economic empowerment and productivity throughout the country.
Starting from 15th May 2025, eligible dfcu customers can visit any branch or connect with a dfcu agent to begin their vehicle ownership journey, supported by world-class service, transparent procedures, and favorable financing terms.
