Smarter Car Ownership Through Auto Financing
In developed markets, over 85% of vehicles are acquired through auto finance. In Nigeria, buyers traditionally saved for years to pay cash, exposing their capital to inflation. Auto financing allows you to split the cost across 12 to 36 months while putting your car to immediate personal or commercial use.
Eligible Vehicles
The 4-Step Process
1. **Select Vehicle:** Pick your dream car from any verified car dealer in Lagos, Abuja, or PH. 2. **Equity Contribution:** Pay your 20% down payment. 3. **Lender Payout:** The lending bank settles the dealer 80% balance directly. 4. **Drive Away:** Drive your car immediately with transparent monthly direct debits.
Apply via Kredio
Use Kredio to compare auto lenders and secure pre-approval before stepping into the dealership.
Fast-Track Application Checklist
Follow these 4 simple steps to ensure immediate review and same-day payout directly to your Nigerian bank account:
Frequently Asked Questions
Can I finance a Tokunbo (foreign-used) car?
Yes! Vehicles manufactured within the last 12 to 15 years with valid customs documentation are fully eligible for auto financing.
Does the loan include comprehensive insurance?
Yes, all financed vehicles come bundled with comprehensive auto insurance and GPS tracking for total peace of mind.
