Car Loan in Nigeria - Find the Best Offers | Credit Nigeria

Car Loan - Find the Best Offers in Nigeria

Save time and find the best online car loan rates with Credit Nigeria
Let us help you find the best car loan offer for free!
1. Fill in the loan application
The application form takes only a few minutes to fill in. After this, your application is sent to multiple lenders on your behalf.
2. Receive loan offers
Our partner lenders will be in touch with you directly with loan offers.
3. Get the money
If you choose to accept an offer, you will receive the money from the lender shortly after.

You can compare car loan rates with Credit Nigeria

Buying a car is always a big financial decision, which often requires a car loan. You can ask for a car loan at a traditional bank or at a car dealership, but to get the best bank offer you will need to spend time negotiating with multiple lenders. Another option is to save your time and conveniently get the best car loan offer online in an instant.

Credit Nigeria is a loan comparison service that helps you find the best auto loan rates in Nigeria for free. All you need to do is fill in our loan application form once and we do the rest. Our partnership with many banks and lender institutions ensures that you get the best offer for you, and our service will never cost you a Kobo.

4 good reasons to compete for car loans with Credit Nigeria

Our objective is to help provide borrowers with the best loan deals possible in Nigeria. This also includes other types of automobiles you want to purchase.

Here are 5 reasons to compare loans with Credit Nigeria: 

1. Comparing auto loans is free and you are not yet committing to a loan

You will get your first car loan offer as soon as the same business day. You can then compare the loan offers and decide whether or not to take out a loan. If for any reason none of the offers are good enough, you can simply decline the offers at no cost.

2. Applying for a car loan online saves time

Applying for a loan in traditional banks is slow. To make the comparison, you would need to apply for a loan offer at each individual office location. With Credit Nigeria, you only need to fill in one application online and we do the rest for you.

3. Collateral or guarantors aren't required

When applying for a car loan you often have to deposit other valuables as collateral for the loan repayment. Credit Nigeria provides you with offers that don't require any collateral.

4. Comparing car loans will save you money

Finding the cheapest car loan requires getting many offers from many lenders. With Credit Nigeria, you can receive loan offers in an instant. Compare the loan offers and select the most appropriate loan offer for you.

In the case of a larger car loan, the difference in interest costs can easily be tens of thousands of Naira monthly. This is why comparing car loans is worthwhile.


Where can I get a car loan in Nigeria?

Most banks and other lending institutions grant car loans. However, it is at each lender's discretion if they grant a loan or not. This depends on the financial status of the borrower.

Which bank is best for a car loan?

The best car loan depends on many factors such as your regular income and credit history. Thus the best car loan can not be determined beforehand. Using Credit Nigeria to request for loan offers is a simple and fast way to receive multiple offers from which you can select the best car loan.

Who is eligible for a car loan?

A car loan is granted at the discretion of the lending institution. However, having a clean credit history and a good regular income helps you secure a loan, and also get better offers.

How can I get a car loan fast

Using Credit Nigeria is one of the fastest ways to receive a car loan. In addition, Credit Nigeria will provide you with many loan offers which means you also save money.

Representative example: Loan amount of ₦2,000,000 borrowed for 12 months. Interest Rate /mo.: 4.2%. Total cost /mo. ₦215,584. Total amount payable: ₦2,587,016. The lending institutions are responsible for the interest rate offered with a 46,8% - 108% effective APR. The loan tenure ranges from 1 to 24 months. Loan amount given ranges from ₦10,000 to ₦5,000,000, and the loan offered can be less or more than loan amount requested.
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