If you’ve ever dreamed of driving a brand new car in Accra but found your bank account looking askance at you, you’re not alone. Buying a car – whether it’s new or used – is a big financial decision. That’s where car loans come in, and if you’re in Ghana, Zenith Bank is one of the best options for financing your car purchase.
In this article, we’ll explore the best Zenith Bank car loan options in Ghana 2025. We’ll break down loan eligibility, loan terms, and some insider tips – with a little storytelling, because who wants to read a dry finance guide?
Zenith Bank has built a solid reputation over the years and is one of Ghana’s leading financial institutions. Ask around and you’ll hear stories of people who have gotten loans to buy cars without any problems.
Luckily, Zenith Bank offers reasonable rates and repayment plans that won’t break your heart at the end of the month.
Depending on the loan option you choose, you may also get additional benefits, such as insurance discounts, free vehicle tracking services, and more flexible down payment options. Be sure to ask about the additional benefits.
If you’re looking to buy a brand new car for personal use, this is your first choice. The loan can cover 80% of the cost of the car with a repayment period ranging from 12 to 60 months. Competitive interest rates apply to both new and used cars.
Personal experience:
My friend Kwame recently applied for a standard car loan through Zenith Bank. His biggest feeling was, “It was a smooth process, but I wish I had known about the additional insurance options.”
If your business needs to purchase a vehicle, such as a delivery van or executive car, this loan is for you. It is available to businesses and companies with flexible repayment terms based on the business’s size and needs. Additional maintenance packages can also be requested.
If you work a 9-to-5 job and want to drive a new car to work, this loan is designed for salaried employees with low down payment requirements and fast approval.
Personal experience:
My colleague Ama bought her dream car with this loan. She particularly likes that the monthly salary direct deduction makes the repayments “almost non-existent”.
Zenith Bank also offers financing for certified used cars, covering 70% of the car's value. The interest rates for used cars may be slightly higher due to the added risk.
If you prefer interest-free financing, Zenith Bank offers Shariah-compliant financing with no interest and a tailored repayment structure in line with Islamic banking principles.
The process involves visiting a Zenith Bank branch or applying online, submitting your documents, waiting for approval, and signing the loan agreement. Approval usually takes a few days to weeks.
A: Interest rates vary depending on the type of loan and your financial situation. Visit the bank for the latest rates.
A: Yes, but the loan amount may be lower than for new car loans.
A: It usually takes a few days to a few weeks depending on the documents submitted.
Zenith Bank Ghana offers a variety of car loan options to suit the needs of different customers. Whether you are a salaried employee, a business owner, or looking to buy a good used car, Zenith Bank has options to help you drive away with your dream car.
Ready to hit the road? Visit a Zenith Bank branch or its website to start your application. Your dream car might be closer than you think!