Fast Approval Checklist
- Step 1: Contact our auto collateral desk on WhatsApp (+234 810 366 9924) with your vehicle make, model, and year for an instant preliminary quote.
- Step 2: Drive into our secure hub at 17A Dele Adedeji Street, Lekki Phase 1, Lagos with your original vehicle papers (Customs duty, Proof of Ownership).
- Step 3: Our certified auto inspectors conduct a 20-minute physical inspection and sign a transparent Vehicle Safekeeping Agreement with exact mileage recorded.
- Step 4: Up to 85% of your car’s verified valuation (from ₦500,000 to ₦25,000,000) is wired to your bank account within 2 hours while your vehicle rests safely in our facility.
What is a "Car for Cash" Loan?
A Car for Cash loan is a secured asset facility where the borrower leaves their vehicle in the lender’s secure custody as tangible collateral for the duration of the loan. Because the lender holds the physical asset, there is zero credit score friction, zero guarantor bureaucracy, and zero waiting time.
When urgent emergencies strike—such as clearing goods at the port, taking advantage of a high-return trading contract, or settling critical medical bills—selling your car in Nigeria usually means taking a heavy loss from opportunistic buyers. Kredio’s Car for Cash allows you to access immediate capital while keeping 100% of your ownership intact.
Why Kredio is Rated #1 for Car for Cash in Lagos
- Maximum Valuation (Up to 85% of Market Value): Traditional pawn facilities advance only 50% to 60%. Kredio offers industry-leading loan-to-value ratios up to 85%.
- Lowest Interest Rates in Nigeria: Starting from just 2.5% to 3.0% monthly—substantially cheaper than unsecured personal loans.
- Written Mileage Guarantee: Upon arrival, your exact odometer mileage is documented in writing on your signed handover slip. Your vehicle will never be driven for personal errands or removed from premises.
- 24/7 Armed Guard & CCTV Surveillance: Our Lekki Phase 1 facility features continuous perimeter security, covered weatherproof parking, and round-the-clock camera surveillance.
- Routine Battery & Maintenance Care: Our technicians perform weekly battery trickle-charging and periodic engine idling so your vehicle remains in peak mechanical condition upon retrieval.
- Instant Key Return on Settlement: The moment your balance is settled, your keys are handed over with zero hidden release fees.
Helpful Loan Resources & Links
- Apply for Car for Cash Facility
- Calculate Car Equity Payout
- Chat with Auto Loan Desk on WhatsApp
- Visit Our Lekki Phase 1 Inspection Center
Frequently Asked Questions
Will anyone drive my car while it is in Kredio's custody?
Never! Your vehicle remains parked in our covered storage facility. Mileage is officially logged on your signed handover agreement.
How quickly do I receive funds?
Once your car ownership papers are verified and physical inspection is complete, funds are wired directly to your account in under 2 hours.
What documents do I need to bring?
Original Customs duty papers, vehicle license, allocation of plate number, valid Government ID, and proof of address.
