Exim Bank Launches Vehicle and Asset Financing Facility to Boost Business Growth

Exim Bank Uganda has launched a new Vehicle and Asset Financing Facility designed to help businesses and individuals access funding for vehicles, machinery and other productive assets.

The bank said the financing solution is intended to accelerate business growth by removing common barriers that entrepreneurs and companies face when trying to acquire reliable transport and modern equipment.

According to the bank, the facility will provide financing for both new and used assets, including personal vehicles, commercial trucks, office equipment and industrial machinery.

Speaking about the initiative, the Manager for Vehicle and Asset Financing at Exim Bank Uganda, Sandra Kaggwa, said the facility has been structured to offer competitive interest rates, flexible repayment plans and faster approval timelines.

“With competitive interest rates, flexible repayment terms and faster approval timelines, the product is structured to remove traditional financing bottlenecks and enable customers to move from opportunity to execution without delay,” Kaggwa said.

She added that timely access to vehicles and equipment allows businesses to scale operations, improve productivity and create employment opportunities.

“When businesses can acquire the vehicles and equipment they need in a timely and affordable way, they increase productivity, expand operations, create jobs and ultimately contribute to national economic growth,” she said.

The Vehicle and Asset Financing Facility is designed to serve a wide range of clients, including high-net-worth individuals, small and medium enterprises, business owners and corporate organisations.

Exim Bank Uganda is a commercial bank that offers a range of financial services to individuals and businesses.

Through customer-focused products and services, the bank says it aims to support entrepreneurship, investment and long-term economic development in the country.

The bank said the initiative reflects its broader strategy of supporting enterprise development and strengthening the country’s private sector through practical financial solutions.

By expanding access to asset financing, Exim Bank Uganda says it aims to empower businesses to invest in growth and contribute more effectively to Uganda’s economic transformation.