dfcu, Double Q move to ease access to vehicles and equipment

What the report says

dfcu Bank has teamed up with Double Q Company Limited to make it easier for Ugandan businesses and individuals to buy vehicles and equipment through asset financing, according to The Independent Uganda. The arrangement was launched on Aug. 12 at Double Q’s showroom in Bugolobi, Kampala, and also involves ICEA LION General Insurance providing insurance support.

The companies said the package is aimed at buyers of trucks, construction machinery, passenger vehicles and forklifts, with the goal of reducing the need for large upfront payments that can strain working capital. Reported terms include financing of up to 90% for commercial assets, with repayment periods of up to five years, while some passenger and electric vehicles can qualify for financing of up to 100% over as long as seven years, subject to dfcu approval.

The partnership covers brands including GWM, HAVAL, SINOTRUK, XCMG and Heli, and adds benefits such as insurance cover, dealership discounts, priority allocation on selected vehicles, maintenance support and extended warranty options. Company officials said the initiative is intended to help customers preserve cash for operations while expanding productive capacity.

The report places the deal in the context of demand from sectors such as logistics, construction, manufacturing, agriculture and trade, where access to productive assets can affect efficiency and growth. More broadly, vehicle and asset finance is a common banking service used to spread the cost of equipment over time and support business investment.