For many Nigerians, owning a car is a significant milestone that often requires financial assistance. Whether you’re eyeing a brand-new ride or a reliable Tokunbo, securing a loan can pave the way to making your dream a reality. In this article, we’ve curated a comprehensive list of trusted car loan companies in Nigeria to guide you on your journey.
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First Bank of Nigeria Auto Loan:
First Bank of Nigeria (FBN) presents an exclusive auto loan tailored to help you acquire your dream car. This offering extends to registered businesses in Nigeria, facilitating their day-to-day operations. With a maximum loan amount of #15 million, a tenor of up to 48 months, and an interest rate of 22%, FBN is a reliable partner in your car ownership journey. Discover more at www.firstbanknigeria.com.
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Access Bank Group (Vehicle Finance):
Access Bank Group introduces Vehicle Finance, a product designed to make your dream car more financially accessible. Applying for this loan is a breeze, just visit www.accessbankplc.com. Enjoy a maximum tenor of 48 months and finance exclusively through the bank’s accredited dealers.
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First City Monument Bank (FCMB Auto Loan):
FCMB’s auto loan scheme is a consumer credit solution that empowers customers to own their desired cars while conveniently spreading payments over a chosen period. Access loan amounts ranging from #500,000 to #3 million, with repayment tenors spanning from 12 to 60 months. Learn more at www.fcmb.com/auto-loan.
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Cars45:
Cars45 isn’t just an online marketplace for selling used cars; it also offers car loan options to help you finance your chosen vehicle. Specifically designed for income earners with a proven source of income, their interest rates range from 28% to 48%, depending on your chosen vehicle. Enjoy a maximum loan tenor of 18 months. Explore more at www.cars45.com.
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Creditville:
As a prominent digital lending platform in Nigeria, Creditville offers soft loans to cater to various needs, including auto loans. This product is designed to streamline the process of purchasing your desired vehicle. Simply visit www.creditville.com, fill out the online car loan form, and await their response.
Please note that the Creditville auto loan is exclusively for personal use and not available for commercial purposes.
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United Bank of Africa (UBA Auto Loan):
UBA, a powerhouse in the Nigerian Banking Industry, introduces the UBA auto loan to help customers upgrade to a higher model or purchase a new car altogether. This option provides a maximum loan amount of #15 million and a tenor of up to 48 months. Uncover more at www.ubagroup.com.
Conclusion:
Owning your dream car is an unparalleled joy. If you’re considering financing your purchase through auto loans, any of the institutions listed in this article can be your trusted partner. Additionally, taking proactive steps to maintain your vehicle can save you money in the long run. Educate yourself on DIY tips and explore reputable car blogs for valuable resources.